Long

DO MARKET FEELS GREED OR FEAR THAT IS THE QUESTION

Updated

Price movements occurs like a waves. You can check it by looking its momentum. When momentum starts to slow you can know that trend reversal not far away. You can also double check it with markets current situation. There is a greed or fear? You can't just make the same think with crowd. You are making trade. If you want to sell something to them you should buy it when noone wants to buy. Is bitcoin gonna break its market structure and drop like there is no tomorrow? I don't think so. Nothing has changed you are just thinking like that because of price.

Purple lines shows divergences and yellow areas and keltner channels show oversold and overbougth situations. I think there is a clear pattern that bitcoin repeats. White horizontal lines support area.

Note

Only make a trade if your short term view on the same side with your long term view. Be careful with the short term.

Note

Note

I am not updating this long term tread too much. My short term charts more ideal to follow updates. From last drop for example

Trade closed manually

I will look later again. Right now i am not sure.

Note

Note

Above yellow area again

Note

I will continue from short term ideas.

Trade closed manually

Bitcoin failed to stay above yellow area.

Trade active

dr.orientem

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