BTC Trading TA Journal in Binance 06/23/2018
TA: (10 EMA is guide)
Weekly: it break previous low at 6457,but there is no flash down and price may not close at Bollinger Band lower band (BBLB).
Dialy: As expected before, it break recently low at 6118, but price close above BBLB. Meanwhile, it has RSI divergence.
4 hour: BB open wide, and it look likes a bear flag pattern with RSI cools down.
1 hour: equilibrium pattern with newest low-high at 6165, higher-low at 6051. RSI is not oversought anymore.
Scenarios:
- Weekly is too long to play;
- Daily can play bottom finish. Buy at 6135, sell at daily 10 EAM
- 4- hour :
1). if bear flag appear, but it does not close below BBLB and with that RSI shows divergent. I can play 4 hour rally;
2). If it later touches 10EMA and then pull back form a 4 hour Higher low above 5913. I see potential 4 trend change or 4 hour equilibrium; - 1-hour:
1) if bull breaks 6163. I play 1 hour equilibrium pattern break, target would be 6235 or 50 EMA at 1 hour stop-loss at 6105;
2) if bear break, wait for 1 hour rsi over-sought to play over-sought bounce.
Plan:
Daily: buy 6116, stop-loss 5918, target around 6500 10 EMA
4 hour: start scaling in after bear break 5918, stop loss: if 4 hour close below 10 EMA
Congratulations @mengmeng! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Do not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!