- We are struggling to pass the green 4h zone, if we hold here too long we will shoot down...
- OBV keeps on creating lower lows, it's struggling to find buying power.
- We struggle to create higher high then the previous one, I noticed that on many cases usually when this happens after a divergence (On volume) happens, then it means continuation pattern which...
Why we struggle so much between 10k-1100?
1. We are under 0.3 fib (since bull run started), and 0.5 fib (since parabolic confirmed)
2. We still have very low buying power
3. We are under SMA 200 on 4 hours....
Passing 10100 and breaking above 10160 will confirm a flash rise above the cloud of 15 min towards 10760 (The edge of the pipeline)
Finally, after two fake-ins as Bitcoin spiked above the upper dynamic of the triangle formation of yesterday and came back
to the lower rising dynamic of the triangle on the first occasion and then to the apex of the triangle on the second
occasion before finally reaching it's very modest updside target at 8450-8460 (high at 8483) before falling...
Buy Zone: 18300 or below
T 1: 19700
T 2: 22500
T 3: 24800
T 4: 26600
This trade in current market is considered risky, but we have very tight stop loss and really good bullish sings, I'm entering it for sure!
As you can see on the chart there was a huge short squeeze in the stock fossil 2 weeks ago. I bought put options a week ago. I see the stock go back to 9,5 dollar on short term. Long term when management is not able to do a turn around, stock will eventually go to 0.
Preconceived ideas, notions, and predictions of markets are the biggest impediments to profitable trading. Like any other addiction, staying away from such things is a daily, hourly, and minute struggle with constant painful reminders...