After breaking down to the 6500 region (see Part 3), this could well play out..
The weekly master chart never lies.. LAST WEEKLY CANDLE MUST/ WILL HIT THE 21EMA !! Unicorn1
Guyzz & Dollzz, A quick review on Part II: Changing Indicators are showing that the road to 11450 has changed a bit. * We must / will hit the 21EMA on the weekly chart first !! * This way we will (finally) clean and fill the gap and the "GAP Maffia" can chill out and push up back up to 11450. Sorry for this (maybe nasty) update. Trade safe ! Unicorn1
Guyzz & Dollzz, After a big decline for the search and fill of the "still not filled GAP", Bitcoin bounced at around the 9.800 area. Currently it trades at around 10.150 with still some small retraces due to the ever existing "bear-rage". Personally i think we will not reach the Gap area of 8.500-8700 anymore, due to the following positive sentiment which...
www.tradingview.com I'm hedging my long position with about 75% short under it. The idea is to put in closing buy orders to profit my shorts using the shortwicks on the BTC price-action. For that I use the support and resistance lines in my chart. I call that "wickhunting". I profit the same way by "wickhunting" on my longs. As u did see, wicks are a rather big...