Again, keeping it simple. The Cross should happen in about 2-4 hours.
Based on the volume profile I expect an impulsive reaction. Probability for upwards movement when looking at the buy volume in the last candles.
- Support lines could be used for Stop-Losses, would exit my position
- Resistance lines could be used to take some profits, would start at 9 k
- RSI doesn`t convince me fully even it is bullish- it`s at a level where bounces/reverseals happen
I really think that experienced traders would know the higher probalities here (after MA Cross - > upward or downward?)
Feel free to discuss, tell me what you like or don`t like and share your own opinion.
Based on the volume profile I expect an impulsive reaction. Probability for upwards movement when looking at the buy volume in the last candles.
- Support lines could be used for Stop-Losses, would exit my position
- Resistance lines could be used to take some profits, would start at 9 k
- RSI doesn`t convince me fully even it is bullish- it`s at a level where bounces/reverseals happen
I really think that experienced traders would know the higher probalities here (after MA Cross - > upward or downward?)
Feel free to discuss, tell me what you like or don`t like and share your own opinion.
코멘트:
Another thing learned just now today:
when there is little volume it does not take much to instantly pump market price
that seemed definitely coordinated or like a whale play as it happened almost instantly.
Why at this price level?
- delayed MA Cross
- reinforce FOMO Buyer
- preparing for bigger dump
All of the above and more could be possible...
Have not taken any profits yet, starting at 9k. If support at 8.8k holds, i am still bullish
when there is little volume it does not take much to instantly pump market price
that seemed definitely coordinated or like a whale play as it happened almost instantly.
Why at this price level?
- delayed MA Cross
- reinforce FOMO Buyer
- preparing for bigger dump
All of the above and more could be possible...
Have not taken any profits yet, starting at 9k. If support at 8.8k holds, i am still bullish
To coincide with my bullish sentiment i would like to see a candle body to close above the 8.7 level.
One thing i noticed; Even though buying outweighs sell volume it decreased to half in the last 4 hours amount. Could this be people holdin/pushing up the price to immediately short when the cross happens? Got to be cautios here.