MichaelWang66

MichaelWang66 Updated 

BTC had nice rally recent days. To break down recent price action, see 1H chart. 1. Big volume push price from 6,950 to 7,260 (4.5%). 2. After 1, no bigger volume seen. 3. This morning, we see another big volume pushing price from 7,760 to 8,000 (3%). It's possible that, some whale bought up in step 1, and is selling in step 3. If that's the case, we won't see...

MichaelWang66 Updated 

BTC surged out of blue, which means I have no long position for now. Waiting for pull back to moving average, or I just missed this trade. Knowing BTC still in a daily down trend, make me OK to skip one 4H up trend.

MichaelWang66 Updated 

Start scale in short position, since 4H 12/26EMA tells me BTC is on a down trend. Idea entry: 7300 (1D 26EMA) Stop loss: 7450 Target: 7090, then retest upper 6K.

MichaelWang66 Updated 

I am trying to use 12EMA in 4H chart as trend indicator (the green line). Currently 12EMA is moving up gently, knowing BTC's been trapped within 12/26 EMA of daily chart. I've opened long position right before 12/26EMA golden cross. The candles wicked upon 12EMA nicely. I am watching out if 12EMA bend down again, that's when I started to close my long...