update 30/09 BTC at least to 4435. My open trade (BTCUSDT-BITTRE
We went above 4300! but around 4295 now. I think the uptrend is losing a bit of steam now and it will have a small correction in the next hours, but not enough to scalp it. After that it will continue rising.
To find a new stop loss level I made Fibo trend based retracement on the 4h chart from the latest bottom at the trend line to the current top, 0.5 and 0.382 seen like good support levels but they are already too close to the trend support line so I better move the stop loss to just below 0.236 fibo (4040) which is also just below the trend line support. The idea is that if it breaks the trend support line plus the 0.236 fibo it will most probably continue going down so better to sell at a slight profit.
In any case I don't think it will break the trend support line and that it will continue going up. In the 4 hour chart the RSI doesn't show divergence and is not too overbought (around 60), MACD and signal lines are very close and signal will cross from below soon so we should expect a small correction within the next 4 hours but nothing to worry about.
On the 1D chart the RSI and MACD look like continuing the uptrend for some more days.
In the 3D chart the MACD signal is getting close to cut from above so we should expect a continuation of the uptrend in the next weeks.
Current pending ASKs orders in the ledger that could work as supports:
4400 with 1.13M$
4500 with 1.63M$
4700 with 1.96M$
Interesting that there is no strong resistance at 4600 so may be heading to 4700. If that level is broken then we have
4788 with 1M$
4900 with 1.72
7600 with 1.05
To find a new stop loss level I made Fibo trend based retracement on the 4h chart from the latest bottom at the trend line to the current top, 0.5 and 0.382 seen like good support levels but they are already too close to the trend support line so I better move the stop loss to just below 0.236 fibo (4040) which is also just below the trend line support. The idea is that if it breaks the trend support line plus the 0.236 fibo it will most probably continue going down so better to sell at a slight profit.
In any case I don't think it will break the trend support line and that it will continue going up. In the 4 hour chart the RSI doesn't show divergence and is not too overbought (around 60), MACD and signal lines are very close and signal will cross from below soon so we should expect a small correction within the next 4 hours but nothing to worry about.
On the 1D chart the RSI and MACD look like continuing the uptrend for some more days.
In the 3D chart the MACD signal is getting close to cut from above so we should expect a continuation of the uptrend in the next weeks.
Current pending ASKs orders in the ledger that could work as supports:
4400 with 1.13M$
4500 with 1.63M$
4700 with 1.96M$
Interesting that there is no strong resistance at 4600 so may be heading to 4700. If that level is broken then we have
4788 with 1M$
4900 with 1.72
7600 with 1.05