BTCUSD short&mid term, read the description!
מעודכן
I posted this chart recently depicting the yellow block support -- this has played out perfectly:
Price found support at the bottom of the block and now it has risen and seems to be finding support above the block.
Although this chart paints a long term bullish picture and with bitcoin market dominance increasing, I sincerely doubt we'll see radical drops and creation of new resistances for 2018.
Macro news are very bullish, even though we saw a massive drop due to ETF rejections.
Short term: price is still ramping up for a push to the blue block ~6800 where I'll be loading up my short position -- I fully expect for it to get rejected. However, my SL will be just above the block.
Following the rejection, I anticipate the yearly low to be swept and I'll be promptly laddering my buy orders on December futures -- I would consider this a long of a lifetime and I'll do my best to hold it as firmly as possible.
Mid and long term, if the bullish momentum prevails, I would say that by 10-12k within 3-4 months is definitely in play.
Price found support at the bottom of the block and now it has risen and seems to be finding support above the block.
Although this chart paints a long term bullish picture and with bitcoin market dominance increasing, I sincerely doubt we'll see radical drops and creation of new resistances for 2018.
Macro news are very bullish, even though we saw a massive drop due to ETF rejections.
Short term: price is still ramping up for a push to the blue block ~6800 where I'll be loading up my short position -- I fully expect for it to get rejected. However, my SL will be just above the block.
Following the rejection, I anticipate the yearly low to be swept and I'll be promptly laddering my buy orders on December futures -- I would consider this a long of a lifetime and I'll do my best to hold it as firmly as possible.
Mid and long term, if the bullish momentum prevails, I would say that by 10-12k within 3-4 months is definitely in play.
הערה
Well...looks like there's not enough power yet for a more serious test there. Looks like the long play might be coming before the short play. I'll evaluate as the time comes.
Market dominance still going ham and we're having market wide capitulation. Definitely a tough trading zone, unfavorable entries should be avoided.
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