BTC daily Thoughts BITMEX:XBTUSD
BITFINEX:BTCUSD
GM
1w. still bearsih looking, BUT because it is a long TF i watch macd because it seems that it want to make a slide to the positive hist area which will be followed by PA up.
as you can see profit from shorting is the ruler of market since price ~7400 (not talking about before that)
My thoughts on this that it will preform a fakeout because all these shorts who still didn't take profit must be shake off or else whale(s) will not be able to sustain his profit of large moves.
so I guees once everyone convinced it is time to dump even more than now it will pop just to make a proper DUMP after.
1D. all is as planned and as said in previous "daily thoughts" - LONG signal but dump making us believe the long signal is false. what actually happening IMO is because of signal is relative strong BOTS and ALGO see it also strategy traders see it and first pulse is many times against signal. but it is because thats the way ALGO profits - because if you get in and it starts to move in opposite of your direction than you scared and close or even flp position and many times after liquidation and a bit of PA you see it start to obey the signal. of course each case is on its own and specifically should be examined, but this is what I think and see.
12h. large sell pressure. making sure support at 5o EMA doesn't hold makes whole CHART look more BEARISH....people will start looking for short now IMO.
6H. also selling pressure is big. when I look i think: "oh no i must short this way back...."
:eyes: on stoch rsi - it is pressed to bottom so when releases from 0 usually pops PA up. but should be synced with RSI and volume also so pay attention.
3h. Same concept. take a look how stoch is trying to get out of the cycle but pushed down not allowing price to go up. also macd is in the negative hist but lines dont get apart so I keep watch. when dump/pump is really strong then lines break apart FAST. not like this.
1h. a good SHORT signal few hours ago (yestreday). clearly see that BEAR MARKET profits for 13H, one attempt to break and reject and still BEAR, but look at stoch is trying to wake up imo. like in 3h but smaller moves. (couple of small moves is a bigger move on larger TF)
30 min. PA tries to get back to EMA's of strategy (16,48). if rejected than continue dump. BUT if pops out than i start to follow larger TF to see if sustains.
15min. same thing. PA wants EMA's. :eyes: RSI look bull. and MACD should convert to positive HIST if buy is strong. BUT BUT BUT also short TF so very close look.
if stoch doesnt cools of/pressed to top then PA wont sustain
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