XBTUSD.P
BTCUSD
BTC Daily Thoughts
1D. if you follow my last posts on BTC so far market moves as planned. After getting LONG signal and one day of what turn to be to this moment a fake growth, we see the heikin rev candle and after we see confirmation of dump. PA found support at yellow trend line I follow. Lower volume of this day should indicate further dump IMO, but if high volume will suddenly enter might get candle to almost open price imo. its hard for me to belive it will turn green. BUT you know bitcoin.....anyways moving on...
12H. not much to say after SHORT signal those who were patient enough did get a nice move down. Volume is rising, indicators are curving down suggesting BEARISH sentiment. please notice that all indicator have lagging factor so in higher TF such as this it has more weight so of you see the curve down it means it already happened and actually now already PA is up but still is not shown in indicator because of lagging. makes sense yes?
6h. new candle is forming. still hard to see where is going. I watch the yellow line main chart because me personally want it to break and PA trade below it. no advice.
still got HEADROOM for further down on indicators.
4H/ Price met support at yellow trend line. volume is rising. RSI slowly curving down. still more headroom on stoch for down also. macd also seems bearish the negative HIST doesnt seem to get smaller.
2H. red double edged heikin ashi candle often indicating trend reversal. I drew here a line on RSI as it also has support and resistance levels and levels that its highly active. so I watch it. I want RSI to meet this line and price keep dropping.
1H. is picked up by support and looks almost bullish, notice the volume it is low (easy manipulation)
30min. price struggles to get above strategy's EMA. only BIG volume will break it UP. indicators suggest imo also UP. BUT RSI is my :eyes: as I want it to break and fall again
15min. SHORTS are sweating. close order signal and volume is rising.
5min dance. volume volume volume
Please follow for more
Thank you and Trade safe
