BTCUSD position Day 63 of 100DAYSOFTA
As regartds the CME chart this statement is still valid.
The CME market is closed now and we may have the weekend full of different price action. This price action may cause gap in the CME chart on Sunday evening.
12090 USD.- Filled
11655- Filled
11450, Filled
11958-Filled
10255, -Not yet
9955, -Not yet
9215 -Not yet
8840 USD. - Not yet
https://www.tradingview.com/x/HzY4au3O/
The price action has been impressive for the past days since we have been having good support level.
This is my entry for the 100DAYSOFTA challenge, Saturday 14th August 2020.
__
I am joining a challenge by a group of traders. The challenge is #100DAYSOFTA. Some of the people in this group have posted on $Youtube, $Twitter but I will be posting mine on Hive.
The convener of this challenge is https://twitter.com/CryptoluXP
However, the frequency might not be daily but it will be sequential.
Having said that, here is what I have:
__
4 hr
Right now, the price looks like it will roll over before making another move. We have the ST as long and strong. This suggests the trend is our friend and will be. The Resistance at around 12000 is so strong and has been pushing the price down. This means we should go further higher if we break that level. Willy looks toppy and can cross over soon. This means that if we have a bear crosson Willy we should expect a pricedown, which may then be bought up before price continues upward.
https://www.tradingview.com/x/J0QHmtKj/
1h
Also, on this TF we have a long strategy. This means we should get an upward price action soonest. However, a dump may preceded this or either a pump. The market will decide. However, since the ST is long, we should look for long positions and then see how best we can ride them. This means we need to be watchful of the price action. Willy is looking good undecided, as we may have a flip downward or a continuation upward.
https://www.tradingview.com/x/LhIZxY0o/
30 mins
The trend on this TF is a positive one, with the ST having an invalidation at a candle close of 11600USD. It is probable that we drop a little to the retest the support at around 11700USD, which will create a double bottom in Willy. This will be a great opportunity for BTCUSD to have a nice break out.
https://www.tradingview.com/x/xYH9MRVs/
Extras
15mins and 5 mins charts respectively.
https://www.tradingview.com/x/gYaAhJ5h/
https://www.tradingview.com/x/fmfuCzPt/
Summary:
4hrs ST is long
1hr ST is long
30 mins ST is long
My Position
I will be looking like a hawk to pick the best price to enter a long position if the 1 hour ST confirms long.
These are the probabilities I am looking at.
https://www.tradingview.com/x/ofJjNKlk/
Greetings
Do U want to do something that your future self will be proud of. Our investment service is legit and paying, take the action required to have the life of your dream. Join the moving train now
I learned that courage was not the absence of fear, but the triumph over it. The brave man is not he who does not feel afraid, but he who conquers that fear. The key to change.. is to let go of fear.
Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble. Money is always eager and ready to work for anyone who is ready to employ it.
Employ your money today and let your money work for you, set up your investment now with MTI
https://mymticlub.com/userpanel/register.php?referral=Sadisadi&place=right
Chai. get out of here