OTE short zone.
Updated
Based on the data collected by my server. The 'accumulator' which measures the cumulative buys - sells.
Its much more accurate than accu/dist indicator since it is derived from each trade whether it is a buy or sell, and not the closing candle.
Decelerating amount of accumulation seen on the daily chart
Rally being sold into, starting from 13th December:
Despite it being sold into, price is still drifting higher and higher. The accumulator clearly shows that it is being sold into the highs, signaling a powerful divergence here.
Until I see a spike in the cumulative buys, it is a sell here.
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Technicals:
Its much more accurate than accu/dist indicator since it is derived from each trade whether it is a buy or sell, and not the closing candle.
Decelerating amount of accumulation seen on the daily chart
Rally being sold into, starting from 13th December:
Despite it being sold into, price is still drifting higher and higher. The accumulator clearly shows that it is being sold into the highs, signaling a powerful divergence here.
Until I see a spike in the cumulative buys, it is a sell here.
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Technicals:
- Bearish RSI divergence
- Daily double top
Trade closed manually
Update: Short closed at 50 yuan loss per BTC! This is still looking strong, with signs of re-accumulation here... Note
Long on a breakout above 3100.Trade active
Short active.... still a good zone
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