Hey guys,
Bitcoin is trying to overcome the resistance zone around the Yearly Pivot with increasing volume. Since the last valid long-opportunity on 3D on the closed Pullback-Engulf @ $7185, which also marked an aggressive entry for the
following inverted Head & Shoulder 15% spot would have been made with a simple buy. For those Daytrading: This was the number to beat. (Buy & Hold Equity)
Mid- long term traders are likely still long and don´t have any reason to take profits just at this stage. After surpassing the Yearly and Quarterly Pivot and clearly showing ambitions to break the down-channel, I would honestly like to see a retest of this area going as low as $7750 levels, to be declined there and giving traders the opportunity for conservative long entries and validate further growth properly. Currently BTC is dangling at the SMA100, for me currently not giving away short opportunities. We have a buy or hold situation here.
For future purposes, those who don´t know me: I have always used the 3D plus tools like the Ichimoku Cloud, Pivots / Engulfs in these sort of situations ... feel free to join me in Telegram for further infomation.
I have been asked about my arrows I am putting into the charts: To clarify, the don´t point out to prices, they point out to important levels & trendlines that are interesting for trades, it is neither ment as price specification nor as date specification.
I am always happy about a follow & like. Feel free to share.
Neru
P.S. I am not going to swap to smaller timeframes in January, I need to see the next two to three weeks to go back into Daytrading. For now I hold Bitcoin, still ready to short if necessary. Nothing else.
Bitcoin is trying to overcome the resistance zone around the Yearly Pivot with increasing volume. Since the last valid long-opportunity on 3D on the closed Pullback-Engulf @ $7185, which also marked an aggressive entry for the
following inverted Head & Shoulder 15% spot would have been made with a simple buy. For those Daytrading: This was the number to beat. (Buy & Hold Equity)
Mid- long term traders are likely still long and don´t have any reason to take profits just at this stage. After surpassing the Yearly and Quarterly Pivot and clearly showing ambitions to break the down-channel, I would honestly like to see a retest of this area going as low as $7750 levels, to be declined there and giving traders the opportunity for conservative long entries and validate further growth properly. Currently BTC is dangling at the SMA100, for me currently not giving away short opportunities. We have a buy or hold situation here.
For future purposes, those who don´t know me: I have always used the 3D plus tools like the Ichimoku Cloud, Pivots / Engulfs in these sort of situations ... feel free to join me in Telegram for further infomation.
I have been asked about my arrows I am putting into the charts: To clarify, the don´t point out to prices, they point out to important levels & trendlines that are interesting for trades, it is neither ment as price specification nor as date specification.
I am always happy about a follow & like. Feel free to share.
Neru
P.S. I am not going to swap to smaller timeframes in January, I need to see the next two to three weeks to go back into Daytrading. For now I hold Bitcoin, still ready to short if necessary. Nothing else.
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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.
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.