BTC/USD - 2/12/2018
2/12/18: Short Entry (8800) Target (5000) Stop loss @ 9500 <Possible bear trap>
Logic --> BTC is in a LT downtrend, consistently fallen and bounced off key support and fib levels after brief capitulation of about a week or so. Afterward, the volume increases to the downside until it reaches the next support or fib level. Typically the falls are ~2 standard deviations (stdevs) (~$2120 *2 = $4240) and it recovers usually a little more than 1 stdev before falling again.
Logic --> BTC is in a LT downtrend, consistently fallen and bounced off key support and fib levels after brief capitulation of about a week or so. Afterward, the volume increases to the downside until it reaches the next support or fib level. Typically the falls are ~2 standard deviations (stdevs) (~$2120 *2 = $4240) and it recovers usually a little more than 1 stdev before falling again.
Not
(2/21/2018): timing was wrong for this market accumulation. I was about one week too early. I think my original hypotheses have been disproven by the market action recently. The bias of the market has adjusted higher for the time being. I staying out of btc until the market further reveals its intention.
Feragatname
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.
Feragatname
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.