I don't like what the daily trend is showing. Conversely, if it walks like a duck, talks like a duck, then its probably a duck. As you can see on the daily chart, BTC has been heading down since December 2017. But where will it stop? nobody knows. Will it be 2743? 1942? 975? only time will tell. I will not go long until price closes above .382 of most recent structure and above the 50 EMA (red) of the 4hr chart. Until then, I'm in the sidelines.
I was really hoping for a bottom like so many have called. But, BTC gonna do what BTC gonna do. I will wait till then. I am in no rush.
Good luck.
NOTE: I am not a professional trader. Just another guy learning TA and applying what I have learned in the last few years. So, this is not trading advice. I am just sharing what I am doing. I do TA for fun. DO YOUR OWN RESEARCH AND COME UP WITH YOUR OWN CONCLUSIONS.
I don't tolerate trolls.
Likes and constructive comments welcomed.
I was really hoping for a bottom like so many have called. But, BTC gonna do what BTC gonna do. I will wait till then. I am in no rush.
Good luck.
NOTE: I am not a professional trader. Just another guy learning TA and applying what I have learned in the last few years. So, this is not trading advice. I am just sharing what I am doing. I do TA for fun. DO YOUR OWN RESEARCH AND COME UP WITH YOUR OWN CONCLUSIONS.
I don't tolerate trolls.
Likes and constructive comments welcomed.