The weekly closed monthly closed daily looks to be botom im long on spot speculating to a break to 8800 and consolodate there imo Long BTCUSD, ETH/USD , maybe Link USD
EMA Ribbon soon to lose supports and looks to roll, im reducing size, and lower my DCA Acrooss all markets US and Global. GOOD ole USD
As I was expecting a last line in the sand with the 61.8 fib at 9300 to act as support, which i had a long in place which I cut, after failure to act as support and now is acting as resistance classic S/R slip with likelt and logical tgts at the 78.6% from swing 14k and low 3.3k, Im in a live juicy shorte with 50% ROI atm. good luck can target CME Gap or 8500...
Im still holding my short from 9075, I also opened another short on Binance at the 8400 breach I've kept the BB under observation but looking to confirm another major move in Late January or Early Febuary ill be taking positions but not yet confirmed long or short stay tuned
Update I've taking 75% off my averaged 9075 short still have 25% in the game thinking about adding margin back also adding back to my 6.5k long 10% at a time t key supports 8500 in this case, sell orders continue to cascade when prompted, good luck traders current 170% ROI at the low of 8470 look like a shake out
As btc usd approached 200 sma I scaled into a short 9075,9135, and had another at 9275 which 9275 never hit i was under 25% but hedged with a 6.5k long which i been DCAinto on spot went in with another .5 btc at sub 9k the short hit was up 150%at the low , TP 2 patials about 2/3 of the potion still in the game short from 9075, and average long 7.3k
Pateintly waiting out this choppy action expecting more downside after a top out on H4 using fib extension and VPVR nodes it might be a 100-200 move this week end.
I've been using exact Bollinger Bands read outs off the 1 hr chart, 4 wins never stopped out using previous candle high as SL postions were all longs via limit buy, and TP the top of the BB. Currently added more size and shorting the top side of the range Good Lucktrtaders
another bearish cross the Daily catching up to the 1, 4hr, charts Ive been shorting all rallies setting sell limits, pretty easy the 1 hr loksto beak out of a falling wedge whick ill look to shot as well
As BTC/USD consolodates, I've switched to Scalping using a 1% strategy to ensure trades don't get away from due to manipulation a good way to stay in trades comfortably, and allows me to use less of my capitol and higher leverage as a market maker, with proper risk management.
Looking to take 1 st profits aroun 7250 and continue toshort be aware of buypressureon 4 hr good luck traders current postion +20% from 7368 btcusd
Ive identified a H S neck line 7306 with slight down ward momo via line chart
I have identified a potential area of trppign price being help up to fill fomo longs 7571 looks to be POC and potential reversal keep in mind MOMO is up and starting to slant