Instrument on a watch list. Further investigation after more significant development.
Adam & Eve might suggest further upwards push. Once this strong resistance (100 & 200 EMA) on daily is broken and confirmed we will enter LONG position - targets update to come after further development of this scenario.
We're out of the triangle - tested, confirmed. Let's see if this continues to go up - a little bit of uncertainty in this area can cause volatility what in turn might push this one significantly above 200EMA. Long.
Waiting for further development and short signals.
LET'S SEE HOW THIS ONE PLAYS OUT... Two targets, both in green boxes.
LONG TERM TARGETS. No SHORTS, no LONGS - only long term trade entry parameters. 30% at 100 EMA 70% at 200 EMA Set and forget LONG TERM strategy.
QUICK SHORT - BACK TO 100 4H EMA. SIGNS OF BEARISH DIVERGENCE.
I see recently everywhere I look, an extreme level of bullish posts getting hyped about #bitcoin halving. So what I ask? Yeah - block reward is sliced by half - that also means multiple mining facilities will quickly run out of business - if the price will stay for much longer at these levels. Buy news, sell facts they say - what if after halving not everyone will...
With halving in mind, I'm a little bearish at the moment and aiming to say that top is here...
I'm generally bullish and halving is just behind the corner, but be careful here...
Let's see how this one develops ...
MENTAL NOTE - RSI OVERSOLD, FALLING WEDGE FORMATION.