Time to book our profits? Not yet...
Ok, so something weird happened today here! Some bears came out of nowhere and they left this massive candle. They managed to hit our black line, proving again that this is a strong support, but the price bounced back. It seems it doesn’t matter the bear’s power here, the bulls managed to retaliated back!
So, BTC did a false breakout from this red line, and the live goes on. Some day traders earned a lot of money today, some lost (the majority imo), but we, the swing traders, are still here, without any major surprises. Let’s see the daily chart for more clues:
It seems the price dropped just to find its support at the 21 ema and the light blue line. I already told you guys, that I wouldn’t be surprised if the price hit the green trendline again, and this wouldn’t spoil the bull trend. But, since you’ve reached this far, remember o follow me to keep in touch with our trades and analyses, and support this idea clicking on the like button!
We are long since this bullish engulf evidenced on the chart, and there’s no change or surprises so far, our trade is going fine, and let’s see what BTC will do next. I don't see a clear reason to book our profits yet, especially since we are on a streak of winning trades, so we can take our chances here.
In any case, the weekly chart is very bullish in my opinion:
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
So, BTC did a false breakout from this red line, and the live goes on. Some day traders earned a lot of money today, some lost (the majority imo), but we, the swing traders, are still here, without any major surprises. Let’s see the daily chart for more clues:
It seems the price dropped just to find its support at the 21 ema and the light blue line. I already told you guys, that I wouldn’t be surprised if the price hit the green trendline again, and this wouldn’t spoil the bull trend. But, since you’ve reached this far, remember o follow me to keep in touch with our trades and analyses, and support this idea clicking on the like button!
We are long since this bullish engulf evidenced on the chart, and there’s no change or surprises so far, our trade is going fine, and let’s see what BTC will do next. I don't see a clear reason to book our profits yet, especially since we are on a streak of winning trades, so we can take our chances here.
In any case, the weekly chart is very bullish in my opinion:
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
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