Everything is fine as long as Bitcoin can hold above 30,000. My last post was a short from 36,400, down to the 28,000 area, whereby you now do not want to fall below. There may be a fair amount of chop here before the weekly candle close on Monday. I expect immediate price action on the new weekly candle, specifically if 30k is held.
The oscillators are showing hidden bearish divergence on the 60 minute, which probably isn't that critical. Otherwise, nothing stands out for a trade. Overall, my position leans long, especially on Chainlink and LItecoin.
Be cautious on BTC and don't get destroyed by choppy price action between 30k and 34k.
Cheers,
Massimo
The oscillators are showing hidden bearish divergence on the 60 minute, which probably isn't that critical. Otherwise, nothing stands out for a trade. Overall, my position leans long, especially on Chainlink and LItecoin.
Be cautious on BTC and don't get destroyed by choppy price action between 30k and 34k.
Cheers,
Massimo
Trade active:
Long paying well so far. As suspected, price action was immediate when the new weekly candle opened.