As per my previous post (update), I'm looking bearish and I have a lot of confluence around the 7200 and 7500 range.
I have ruled out the AB=CD move as the time component has passed the required point.
Its worth looking at the MARKET CAP Total chart and see how bearish that looks.
BTC dominance has a downward momentum so the ALTs will take a bite out of the BTC momentum, even though the ALTs look worse off
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By the way, this is not to go long, but short it.
My long entry points are 6800 and if need be, 5400 to 5800 range, depending on the exchange.
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I''m looking at a number of points using RSI, custom MA's and fib.pitchfork\fib.fan levels for confluence\agreement.
TOTAL Market Cap
BTC Dominance
My Plan and MACRO thoughts (Sep 25 post)
I have ruled out the AB=CD move as the time component has passed the required point.
Its worth looking at the MARKET CAP Total chart and see how bearish that looks.
BTC dominance has a downward momentum so the ALTs will take a bite out of the BTC momentum, even though the ALTs look worse off
********************************************************************************************************************************
By the way, this is not to go long, but short it.
My long entry points are 6800 and if need be, 5400 to 5800 range, depending on the exchange.
********************************************************************************************************************************
I''m looking at a number of points using RSI, custom MA's and fib.pitchfork\fib.fan levels for confluence\agreement.
TOTAL Market Cap
BTC Dominance
My Plan and MACRO thoughts (Sep 25 post)
评论:
This 1 hour chart also gives another perspective, saying we are close to support or resistance line. Note the fib.channel levels (wicks touching them) and how they play a role.
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Importance Notice:
Regarding my post for AB=CD in the making. On BITSTAMP, it hit the mark perfectly however on BINANCE, time was invalid. So I was confused as to which one I take, so I did enter once I discovered the conflict, but late (8030) on binance. Keeping my stop limits close.
Regarding my post for AB=CD in the making. On BITSTAMP, it hit the mark perfectly however on BINANCE, time was invalid. So I was confused as to which one I take, so I did enter once I discovered the conflict, but late (8030) on binance. Keeping my stop limits close.
评论:
I'm still holding, now using a number of indicators for the short\out. Shooting star, bearish divergence on the 4 HRLY or some pattern. Note I have the MA around 8500 coming across as resistance as well.
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
