BTC is following the Fibonacci pivots given some days ago quite well. I think this means that either it will go down to the minimum of also 6/2 and rebound from there, or up to the previous local max. So if it will retrace a little more, I will sell and buy again lower, or if it goes up trying to carefully buy and sell within the channels to increase the position. Hey, sooner or later it will rebound quite some, and these 1-3% daily increase of the position will pay off!
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Still exactly in that one channel, it doesn't move so we have to wait before deciding what to do here
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I hope you ladies and gentlemen took advantage of the 2-300€ excursion yesterday. In any case, it seems still in the channel. I won't really try trading today unless it clearly moves down, to rebuy at 5445. Not times to be short I guess because of news. Did you know:
1. India banned cryptos yesterdays. In other times we would have seen a big drop, instead nothing. It means to me there is bullish pressure.
2. Several news outlet reported that Soros will start trading cryptos. The old fox first said it was a bubble and caused a big dip. I think he's preparing to get in with his trains of money
3. The big guru that predicted 20k$ end of the year, suggested that now the dip is due to the America Tax Day, and people will pour money again in cryptos end of the month
1. India banned cryptos yesterdays. In other times we would have seen a big drop, instead nothing. It means to me there is bullish pressure.
2. Several news outlet reported that Soros will start trading cryptos. The old fox first said it was a bubble and caused a big dip. I think he's preparing to get in with his trains of money
3. The big guru that predicted 20k$ end of the year, suggested that now the dip is due to the America Tax Day, and people will pour money again in cryptos end of the month
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So, there was a strange going down followed by a going up that I can't really explain. If anyone knows of an explanation, please do comment!
Otherwise, the price is slowly slowly slowly going up, and the RSI is going down too. I expect another jump up any moment then.
Otherwise, the price is slowly slowly slowly going up, and the RSI is going down too. I expect another jump up any moment then.
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and indeed it jumped up!
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Bad news, I guess. It seems we prepare for a new dip. The RSI is at the previous maximum of April 3rd, although the price is 500€ lower. My gut feeling is that the price will do a jump down, although I lack the courage to trade this gut feeling :) Let's see if it happens, in case next time I will trust more my instinct - or not
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well it took some time more than expected but it reached the point. What will the price do now? Maybe this was just a bear trap since the BTCUSDshort was soo high? It looks like a bull flag though, if it starts increase again a little I guess we will see many more short closed and then FUD for the bears.