BTCUSD position Day 80 of 100DAYSOFTA
In the next few hours, we should have the CME market opening. This means we can see some price movements fluctuations. The below write up still stands.
10380, -Not yet
10125- Not yet
9215 -Not yet
8840 USD. - Not yet
https://www.tradingview.com/x/3TZMj0xG/
This is my entry for the 100DAYSOFTA challenge, Sunday 27th September 2020.
__
I am joining a challenge by a group of traders. The challenge is #100DAYSOFTA. Some of the people in this group have posted on $Youtube, $Twitter but I will be posting mine on Hive.
The convener of this challenge is https://twitter.com/CryptoluXP*
However, the frequency might not be daily but it will be sequential.
Having said that, here is what I have:
__
4 hr
The ST is still bearish and we are having a sideways action for the past 24 hours or more. This means that we are either getting ready for a dump or a pump. The Willy is at oversold and already giving a bearish crossover. However, the wavetrend is having a green bullish dot, which means that we might see a small reaction on the upward side.
https://www.tradingview.com/x/rU5UrMoj/
1h
On this TF, we have a long trend, which means that the current trend favors the bull. We have to also note that Willy is now ar oversold with a bearish cross imminent. However, the wavetrend is still favouring longs. We can also note that if the price closes below the support line then it will turn bearish.
https://www.tradingview.com/x/Tgr09ptY/
30 mins
Clearly we can see a long trend on this TF. We also see that the wavetrend has had a red dot and willy is now oversold but still yet to have a bearish crossover. Therefore, we can easily assume that we have a boring price action.
https://www.tradingview.com/x/t8SyxTvP/
Extras
15mins and 5 mins charts respectively.
https://www.tradingview.com/x/xqV2bMyq/
https://www.tradingview.com/x/AfCsWM6w/
Summary:
4hrs ST is short
1hr ST is short
30 mins ST is short
My Position
I will be waiting for 4 hrs trends to indicate the perfect trade.
This post has been rewarded by @beautychicks from @steemcurator04 Account with support from the Steem Community Curation Project."
Keep posting good content and follow @steemitblog for more updates. Participate in the cryptocurrency challenge by @steemitblog for the month of October. Thank you.