Continued buying to keep an extremely strong 4 hour uptrend and full control of the bulls. Our new higher low is $11,565, and as long as the 4 hour uptrend remains, the bulls are extremely comfortable. The narrative of China moving to Bitcoin, and fears over trade wars continues to stoke some FOMO, and this is with the stock market bouncing overnight as well.
I finally got my piece of the bull pie (although to a farmer that does not necessarily sound great). I decided I wanted to enter a solid position on the next consolidation to find a 4 hour higher low, so I entered a starter at $11,800 and then scaled in on the 5 min oversold conditions, using 4H EMA12 support as my guide and knowing I wanted my position to fill before that support level.
I have scaled out half for the multiple day maker and will ride the rest with the 4 hour uptrend.
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We just dumped on the 5 min literally while writing this, so I stopped, entered 11,811, sold it 11,911 less than a minute later. 4 hour uptrend still intact but bulls just lost a lot of morning momentum. This makes bulls less confident on the morning, we will see if they can recover short term trends in their favor.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.