Im Sorry! I suffered a broken foot. BTC uptrend is strengthening
I recently suffered from a broken foot and I restrained from posting anything since this week.
When on my bed, I took a long when the 1HR played out the Golden Cross of 50 EMA and 200 EMA.
I've posted a analysis of price coming down to meet the 21 EMA weekly or 21 EMA weekly meeting price. It seems the latter of these two will be true. Instead of price going down to the mid-8000's, we're more than likely allowing the 21 EMA to come up to meet the candle at a higher price for BTC.
The 1HR holds a lot of significant in terms of Golden Cross. The 1HR will carry over to the 2HR, into the 4HR, and reverse the 6HR for ALL Golden Crosses. This will strengthen the uptrend and define it for a longer period of time. What does this mean? It means, the lower time frames will start shifting into the dailies time frame. The dailies will start to shift towards the mid-term trend for BTC. If all time frames start to point up, the trend will start moving back to the upside and the mid-term trend will reverse back to the upside. This has NOT been confirmed yet. The mid-term trend is still down, do not get caught up in the FOMO. Take trades, but have risk management to manage your trades properly.
I am LONG. I took a long when we had the Golden Cross on the 1HR and will stay in this long for over 6 months on futures. ONLY, if BTC manages to stay above 10K. If BTC starts failing to hold and price close down below the 4HR 50 EMA, I will get out of my long position.
THIS WILL BE - a long term hodl for me until price tells me otherwise. Stay safe, stay hydrated, don't get liquidated.
When on my bed, I took a long when the 1HR played out the Golden Cross of 50 EMA and 200 EMA.
I've posted a analysis of price coming down to meet the 21 EMA weekly or 21 EMA weekly meeting price. It seems the latter of these two will be true. Instead of price going down to the mid-8000's, we're more than likely allowing the 21 EMA to come up to meet the candle at a higher price for BTC.
The 1HR holds a lot of significant in terms of Golden Cross. The 1HR will carry over to the 2HR, into the 4HR, and reverse the 6HR for ALL Golden Crosses. This will strengthen the uptrend and define it for a longer period of time. What does this mean? It means, the lower time frames will start shifting into the dailies time frame. The dailies will start to shift towards the mid-term trend for BTC. If all time frames start to point up, the trend will start moving back to the upside and the mid-term trend will reverse back to the upside. This has NOT been confirmed yet. The mid-term trend is still down, do not get caught up in the FOMO. Take trades, but have risk management to manage your trades properly.
I am LONG. I took a long when we had the Golden Cross on the 1HR and will stay in this long for over 6 months on futures. ONLY, if BTC manages to stay above 10K. If BTC starts failing to hold and price close down below the 4HR 50 EMA, I will get out of my long position.
THIS WILL BE - a long term hodl for me until price tells me otherwise. Stay safe, stay hydrated, don't get liquidated.
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