Are we getting ready to the moon? Bitcoin analytics 11/07/18
Hello, dear traders and readers of our ideas on TradingView! Our team still keep in touch and we are with a review of the current market situation and thoughts about the future movement.
The price is very successful and confidently out of the local flat range, which lasted a very long time (almost a month), but we still stand in the global flat position. Only a way out of the 6800 can tell us the flat has stopped.
Now there is a very good news background, fundamental analysts are now catching good profit on altcoins, and we are conducting a combined analysis and have also taken a very good profit with our private subscribers on the margin trading.
What are we waiting for after? According to our trading system, a possible correction is drawn at least to the local trend (blue line), as a maximum - global support (black thin line). Most indicators are already knocking on the ceiling, so it is time to satisfy their desire for correction.
It is possible, of course, to move from the current ones above, but this will be a little against our trading system (although who does not make mistakes). In any case, we don't want to short now, but only to take long with a small shoulder on the pullback.
Shorts continue to be reduced, and long are growing (crowd takes). A major player has not yet decided on the direction, so he is in a waiting position.
Thank you for your attention! Stay tuned for new ideas!
The price is very successful and confidently out of the local flat range, which lasted a very long time (almost a month), but we still stand in the global flat position. Only a way out of the 6800 can tell us the flat has stopped.
Now there is a very good news background, fundamental analysts are now catching good profit on altcoins, and we are conducting a combined analysis and have also taken a very good profit with our private subscribers on the margin trading.
What are we waiting for after? According to our trading system, a possible correction is drawn at least to the local trend (blue line), as a maximum - global support (black thin line). Most indicators are already knocking on the ceiling, so it is time to satisfy their desire for correction.
It is possible, of course, to move from the current ones above, but this will be a little against our trading system (although who does not make mistakes). In any case, we don't want to short now, but only to take long with a small shoulder on the pullback.
Shorts continue to be reduced, and long are growing (crowd takes). A major player has not yet decided on the direction, so he is in a waiting position.
Thank you for your attention! Stay tuned for new ideas!
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