As indicated by vertical line on indicator KDJ
the K or base stochastic is printing a higher low and
and is expanding from a point where the 3 lines have touched
I had a long position that closed in loss and now open long 110% the size of previous position
Remember the overall trend is bulish this is just a normal pullback for btc
set stop limit at 15900 for 50% position then limit buy at 14100 as it sounds to be a level most people are looking at as a fib level
I believe we are seeing some "weekend" effect as home traders are fans of shorting BTC , as USA prepares for thanksgiving
but corporations are not sleeping , they probably have a bit of limit buy orders in place and after thanksgiving the rocket goes up again
the K or base stochastic is printing a higher low and
and is expanding from a point where the 3 lines have touched
I had a long position that closed in loss and now open long 110% the size of previous position
Remember the overall trend is bulish this is just a normal pullback for btc
set stop limit at 15900 for 50% position then limit buy at 14100 as it sounds to be a level most people are looking at as a fib level
I believe we are seeing some "weekend" effect as home traders are fans of shorting BTC , as USA prepares for thanksgiving
but corporations are not sleeping , they probably have a bit of limit buy orders in place and after thanksgiving the rocket goes up again
Comment:
did manage to close with trailing stop at 17300 and switch to short
dont know how this KDJ is done on TV, it calculates the KDJ lines a bit different from what I get in my trading app