If you have watched my previous posting, you might notice that usually my posting is NOT ambiguous(I hate "it might go up or might go down".... I am not chicken).
Even though I hate the ambiguous (of course sometimes I had to execute stop-loss haha), current situation is quite interesting.
If you hate my long explanation, I will give you an ULTRA EASY TIP in last part of this posting.
So, don`t worry if you cannot understand my explanation :D
First of all, ustether is not fully stabilized yet.
There are still some differences but it is going smaller and smaller ($200 -> $150-> $140)
As bullish trend is not confirmed yet, risk is still somewhat high.
So we have to try to pick the best price to reduce risk as much as possible.
But, because of the differences caused by tether, it is little bit tricky to get into position at bitmex
Even though I cannot trust Bitfinex chart fully, Bitginex chart is still useful in getting some hint half-step faster.
As you can see in XBTUSD (or xbtz18, xbth19 ) chart, we are not confirmed "break out" in OBV trendline
However let`s look at the chart below:
left one is daily btc chart at bitfinex (June - July), and right one is current situation.
If you look OBV and PVT, they show almost same pattern, and it broke out !!!
It is not confirmed that we are in bullish trend, cuz it is still below major long orange trend line(logarithm base)
But, now I am sure bullish trend around 70%, and expecting one more drop to my buy zone in main chart of this posting.
I have shown so many bearish EW counting in my KR posting, so if you support bearish scenario, plz check my previous posting.
You can see my bullish EW counting in this main posting.
But frankly speaking, I don`t like my bullish counting :P
As I promised you before, here is the tip:
There are 2 major trend lines (Purple vs Orange)
If we hit Orange trend line first - > go short bear
If we hit Purple trend line first -> go SICKEST long !!!!
Quite easy game, isn`t it ?
haha :D
Even though I hate the ambiguous (of course sometimes I had to execute stop-loss haha), current situation is quite interesting.
If you hate my long explanation, I will give you an ULTRA EASY TIP in last part of this posting.
So, don`t worry if you cannot understand my explanation :D
First of all, ustether is not fully stabilized yet.
There are still some differences but it is going smaller and smaller ($200 -> $150-> $140)
As bullish trend is not confirmed yet, risk is still somewhat high.
So we have to try to pick the best price to reduce risk as much as possible.
But, because of the differences caused by tether, it is little bit tricky to get into position at bitmex
Even though I cannot trust Bitfinex chart fully, Bitginex chart is still useful in getting some hint half-step faster.
However let`s look at the chart below:
If you look OBV and PVT, they show almost same pattern, and it broke out !!!
It is not confirmed that we are in bullish trend, cuz it is still below major long orange trend line(logarithm base)
But, now I am sure bullish trend around 70%, and expecting one more drop to my buy zone in main chart of this posting.
I have shown so many bearish EW counting in my KR posting, so if you support bearish scenario, plz check my previous posting.
You can see my bullish EW counting in this main posting.
But frankly speaking, I don`t like my bullish counting :P
As I promised you before, here is the tip:
If we hit Orange trend line first - > go short bear
If we hit Purple trend line first -> go SICKEST long !!!!
Quite easy game, isn`t it ?
haha :D
I am pretty sure that we are on the bullish trend almost 78% of time
Now all we have to do is when to put some more long