Same Player Shoot Again
The May 16 bitcoin analysis remains relevant.
Indeed, the crossed pivot zone and the defended support zone allowed me to play the most popular crypto in both directions by buying the lows and selling the highs of these zones.
Four months later, we got back to where we were.
Above the 43000 - 42000 pivot zone, I am strictly bullish. I will buy while reducing my positions size as the 52000 resistance approaches.
In the event of crossing the pivot zone, I will be neutral, and will again play in both directions. I will place my stops below the support zone and above the pivot zone.
If the 30,000 - 28,000 support zone breaks, I will go strictly bearish.
Obviously, this only engages me ;-)
Indeed, the crossed pivot zone and the defended support zone allowed me to play the most popular crypto in both directions by buying the lows and selling the highs of these zones.
Four months later, we got back to where we were.
Above the 43000 - 42000 pivot zone, I am strictly bullish. I will buy while reducing my positions size as the 52000 resistance approaches.
In the event of crossing the pivot zone, I will be neutral, and will again play in both directions. I will place my stops below the support zone and above the pivot zone.
If the 30,000 - 28,000 support zone breaks, I will go strictly bearish.
Obviously, this only engages me ;-)
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