Alrighty, we are at the min fibo. We broke the secondary trend line...
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REMEMBER, ABSOLUTETLY NO BUYING UNTIL YOU HAVE A CONFIRMATION. This means looking for reversal patterns and having it confirmed with RSI. IF it doesnt jive with your chart, that also means you need a new plan.
Here is the OMGBTC perspective:
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We are at the purple line. We also blew past the 0.618 again like it wasnt even there. RSI is diverging on the 15 min:
But the 1HR does not show a nice divergence yet.
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We are now moving to the key fibo at $5.50. After that we will find the major trend line. :(
BUT BUT BUT!!! In the OMGBTC chart we are doing very well, relatively speaking XD XD XD
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New breakout confirmation lines
トレード稼働中
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If you still wanna join the biig short :)
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We passed the 0.618 of the entire bearish swing. Interestingly, we did not hit the 0.618 in BTCUSD yet...I wonder how we should interpret all this data (*thinking emoji*).
Also, when I open leveraged shorts I get in with momentum and then put a stop at entry+commission.
トレード終了: ストップロスに到達
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NICE OMGBTC THREAD:
トレード稼働中
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Nothing hardcore in the RSI yet.
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We could see A-C correction, then resume downtrend. Shorts should be closed if confirmation line crossed.
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Nothing until $7.34
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Still a downtrend...
トレード終了: 利益確定目標に到達
Trailing stop ;)
トレード稼働中
RSI is overbought and looks like a sell signal.
トレード終了: 利益確定目標に到達
Sorry didn't update this. Closed at 8.50
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I'm back! Here's how you could play this out. We are at the sub-sub fibo resistance. You have the sub-fibo resistance above and a downtrend line, etc. I think market will reverse soon.
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WE've been hanging around here for a few hours. Turning around like this just after visiting the sub-sub 0.618 seems bearish. The other charts (OMG and BTC) look that way too. 1HR