BTC bullish sentiment, nice time to buy

Updated

BTC still feels bullish. Couple of reasons to throw out this statement:

First Higher Low since April '18
Increasing volume
ETF news didn't even matter anymore
Mah balls are tingling like crazy, could be the massage chair though

We see a nice fibbo support at around $6765, but if we're missing this, we can count on the rising channel since 14th of August (really helped me on swing trading). Don't catch a falling knife, wait for the indicators to (closed daily candles, divergences on RSI etc.) tell you what's happening, not me.

Short term targets can be set between 7380 and 7480.

Feeling good again guys! Lets see how this trend is developing over time, I'm keeping this idea updated so don't forget to follow me and like this Idea!!

Note

Nice little movement since yesterday right in the

Note

that went wrong, well: it went a bit up, but RSI on the 30m looks likes the rising wedge breaks downwards for another retest.

I'm still in, bought in at 6870, a bit too early.

Note

So, don't always trust bullish/bearish divergences on a short time frame. You see what happened below a couple of days ago. Let's just wait where this wedge is going to end. Up or down.

Note

Broke the wedge. Moving down to retest

Note

Broke the wedge on the 30m chart. Got out at 7300. Looking to buy at around 7170 or if it doesn't hold, buying in at the bigger resistance at 6750

ChartB3nder

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.