Hey! From my previous succeed trading ideas changes everything. We did not hit target (50 point left to reach a target) And then price fallback from 28k to 34k.
So, in previous I wish trade on facts, but now my trading ideas are based on wishes...
So, we hits 4 times 200SMA - that brutal downtrend alert. However, all the time, when price hots that price level, we have quick price recover. Looks like Whales doesnt want price fall at this time. But maybe price falling in deep in next time?
In 1H timeframe, we have uptrend. BUT
Price updates local hight -> which looks like uptrend continue
Price moving close to Alligator -> which looks like buyers have not enough power to continue uptrend
So, facts are hides from me.
In 5mins timeframe - alligator sleeps. Price can move everywhere..
As for me - I am in short from 34190 SL 34711
Trade on wishes, not on facts Crossing 200SMA it downtrend signal for me.