Community post
[BTC] - Short term analysis after the massive pump.
HI All, Crypto sludge here.
With the CME quarterly bitcoin futures expiring, yesterday we saw a massive upwards price action and the price holding in the 6200 area.
So what now? is the bear market over? It's way to early to tell. We will need to get some strong confirmations over the higher time frames, but for now, we are in a small no-trade zone on the 1H chart, but with a positive momentum.
I am personally out of the market for now, but If you are feeling lucky, we had the TD9 Buy signal, 6450 is your stop loss which will confirm the rejection of this TD 9 Buy.
Trade ON!
Crypto sludge.
Replies (9)
upvote for me please? https://steemit.com/news/@bible.com/6h36cq
upvote for me please? https://steemit.com/news/@bible.com/6h36cq
it is necessary to see an increasing in volume for working this analysis.
I agree, this is not a perfect situation, however i actually forgot to add the oversold stochRSI as well.
And i am personally outside, as for my style is a no-trade area, But when some clear indicators align, i usually tend to let people know, some are more aggressive :)
I am trying write about blockchain and TA like you. Could you follow and support me pls?
Congratulations @cryptosludge! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
SteemitBoard World Cup Contest - Quarter Finals - Day 2
Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes
Thanks for the analysis. Looking forward for the weather change.
Congratulations @cryptosludge! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
SteemitBoard World Cup Contest - The results, the winners and the prizes
@cryptosludge you were flagged by a worthless gang of trolls, so, I gave you an upvote to counteract it! Enjoy!!