Yea so I am still short on BTC for the following reasons:
- The FAT A$$ volume profile barrier we are currently sitting underneath
- TK KJ slight divergence (no sign of uptick into the KJ by the TK anytime soon)
- Proximity to the red kumo
- RSI NOT in the oversold range thus giving me confidence that price is truly reflected currently
- Stale volume
I will start to gain optimism when I see the double MACD take a favorable yellow line cross upward over the zero line, RSI begin to creep towards middle mark, TK angle upward and finally the price action enter the blob of volume profile resistance.
In short, RIP for now. No further action on this one.
- The FAT A$$ volume profile barrier we are currently sitting underneath
- TK KJ slight divergence (no sign of uptick into the KJ by the TK anytime soon)
- Proximity to the red kumo
- RSI NOT in the oversold range thus giving me confidence that price is truly reflected currently
- Stale volume
I will start to gain optimism when I see the double MACD take a favorable yellow line cross upward over the zero line, RSI begin to creep towards middle mark, TK angle upward and finally the price action enter the blob of volume profile resistance.
In short, RIP for now. No further action on this one.