mann456

MACD of daily chart will eventually close

Short
BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
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1
There is a huge chance that $1500 to $2000 drop will occur after weeks of fall


Only scalp long but longterm daily chart short.
Trade closed manually: Very strong support at 10870 and very strong resistance from the bears.

This tussle needs to be played out like a tapering triangular apex.
Trade active: Short active will close when MACD crashes sufficiently
Comment: 9952 lowest so far 28.40% fall from 13900
Trade active: 9750.5 lowest so far 29.85% fall from 13900
Trade active: 9725 lowest so far 30.03% fall from 13900
Trade active: 9673 lowest so far 30.41% fall from 13900
Trade active: Whatever pump the 4hr will do is not going to be enough to hinder the Daily MACD dump to come.

Someone said it this way: The 10000 - 12000 is the new 6000 -8000 range and when the Daily MACD is ready to dump back to zero it will.

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