Short
Bitcoin (BTC) MA Death/Golden Cross Analysis (Part 16) --> +46%
We'll be tracking our 9th short segment here! We're up 46% against USD and much, much more against BTC. This wasn't the strong short signal we were looking for, but we'll be setting our buy-in for the next few days to $7,800.
Segment 9
Let's see where this segment takes us!
Segment 9
- 05/29/2018 - BUY $7,450
- 6/4/2018- SELL $7,650
- TBD - BUY TBD
- Beginning ($): $14,200
- Ending ($): $14,600
- Beginning (BTC): 1.91
- Ending (BTC): TBD
Let's see where this segment takes us!
Note
Stick to our buy in here!Note
We're still bouncing around the sell, so we're looking for strong movement in either direction to trade on here! Stay short, because this sideways movement can easily drain profits is traded frequently.Note
And there's the drop! Hold until our signal!Note
It looks like we're leveled out around $6,900, making this one of our better short segments we've seen! We'll hold short until we see the MA level out and see our buy signal.Note
We continue to drop with no end in sight here. Our sell price is looking pretty good right now, let's hope we continue to drop!Note
The MA leveled out well right around $6,700 and RSI is sitting right in the middle. I'm waiting for a strong upward signal to ensure we don't have another false buy like we did a couple legs ago. Keep a watchful eye on this, I'm looking to trade within the next couple of hours!Note
We're setting the buy-in at $6,700. I'm not comfortable with how much the price is hovering around the MA with no strong signal in either direction.Trade active
We triggered our buy at $6,700 just a bit ago, expect a long tracking segment shortly!Note
Check out our long tracking segment!
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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.
Related publications
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.