BitcoinLong
BTCUSD bullish but with a retrace
Hi,
this is my second idea.
We are in a bullish market.
There are few indicators for it.
- New capitol is flowing in. On ALL platforms the open LONG positions are not increasing compare to the price increase, which means there is new capital flowing in.
- all dips are being bought up quickly ( look on Friday/Saturday & Sunday)
we can fear the bear, but being in disbelieve that market opinion changed is a scary thing.
Right now we are in "dangerous" territory opening a long can be, but i would recommend it more for scalping.
If you look closer @ the chart we are pushing slowly every time to a round level and make a small retrace.
its just for accumulating.
The blue zone marked was earlier support, if you look;
it stopped a strong impulse to the downside, so definitely expect some selling there.
Which gives me an indication that we will move past it, probably surging to 81xx ( cause of stoplosses and liquidations)
than we will retrace to a bit below the blue zone to test the support line, after that it will be a smooth ride.
this is my second idea.
We are in a bullish market.
There are few indicators for it.
- New capitol is flowing in. On ALL platforms the open LONG positions are not increasing compare to the price increase, which means there is new capital flowing in.
- all dips are being bought up quickly ( look on Friday/Saturday & Sunday)
we can fear the bear, but being in disbelieve that market opinion changed is a scary thing.
Right now we are in "dangerous" territory opening a long can be, but i would recommend it more for scalping.
If you look closer @ the chart we are pushing slowly every time to a round level and make a small retrace.
its just for accumulating.
The blue zone marked was earlier support, if you look;
it stopped a strong impulse to the downside, so definitely expect some selling there.
Which gives me an indication that we will move past it, probably surging to 81xx ( cause of stoplosses and liquidations)
than we will retrace to a bit below the blue zone to test the support line, after that it will be a smooth ride.
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