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May sound boring but nothing changed at this stage with $btc. Still holding short- some signals saying going Long. Main indicator still says we are trending down so still holding short. Still bullish as long term in both Crypto and stocks like $tsla
Feels we are loading for liquidity on $btc for anyone that has jumped on the move and gone Long. Daily Candle from earlier today was still trending down. 4H is trending up but will wait for the Daily candle before I make my call to change my position (currently holding short )
Daily candle on $btc has confirmed majority signals still in downtrend. Still have one of my indicators pointing a buy but need a trend flip before closing my short
Still holding $btc short and just waiting for the next candle. Was wavering after yesterday's candle but held and we dipped again. Can see a base set again and we are near the bottom of my Bollinger bands but Trend needs to Flip- still in a downtrend
$btc spiked a fair bit on all candles so knocked my short, not liquidated- still in profit - but can be the issue holding positions on the Daily candle. Holding until the next candle - which is just under 7 Hours away. I am not convinced we are
$btc now in a downtrend(although that sounds like a captain obvious now with the price action) . About the only candle is the 5 minute where we aren't in a downtrend. Now we wait for the next confirmation on the Daily what we do- for now we hold our short and just sit
With the candle on $btc today, short is now deeper in profit. Market at the moment feels like anyone entering a short now on higher leverage would be very dangerous
Will be interesting how December flows with $btc
Have seen some interesting commentary that Whales have started to accumulate $btc.
For me,on the Daily (which is what I base my decisions on) is flagging a Buy on both a Mean Reversion Status and also my ATR levels and Bollinger
But I am waiting for the trend to change with multiple moving Averages, this hasn't occurred yet. On the 4H Bollinger Bands are showing less Volitilty but is jumping been Trending and not Trending - I take this as a false signal
Still holding $btc short. Waiting for Daily Candle to either confirm or change position with my short. Higher Time Frames, $btc 1Hr has flipped Bearish , 4 Hour is Bullish and 12 Hour is Bullish
Trend is your Friend - and Jump in with the Trend.
#Followmyprocess
Following my system waiting for the Daily Candle in about an hour. On the 4 Hr appears $btc is trending sideways and basing and volitilty bands are contracting. Potentially means we are getting ready for some action. That's why I love the High Time Frames