I am back with another Idea.
Today I woke up and seen a major move from Bitcoin
I was glad
to see such move, but
when I looked up how fast it went up in such tiny timeframe, its wasnt
a good indication to me.
for average person it may looks like "Yea, nice. Volume is coming, I dont want to miss this out
" Believe it or not, my feeling were kinda same when I woke up.
I would love
to believe same as You that we are going up
and changing the trend, but
I have to stay emotionless
and over the matter with a neutral
Then I started to analyze Bitcoin
chart and some major alts and started wondering
if this could be the trend changing move..
So I looked up my Bitcoin
chart on weekly base and from there I started to Tether up as this move
can lead up to a nasty Pinbar .
I am not saying
that this has to culminate into a Pinbar
Tethering up present a lower risk
than staying in this Pump.
Its just more likely
to go down than continue going up same way and if, that would seems kinda suspicious to me.
2/3 of my portfolio is in Tether, after a week
if this wont lead into a pinbar
, I will buy some of my favorites alts back again.
Looking at RSI
, you can see just how strong the buying impulses were in past years
and how long they have occured, I dont believe
one move below 40 is enough
to change a trend.
Also currently testing a strong ressitance level.
technical side, check out my another Idea which was an inspiration to this one, as I dont want people to be blinded by a tall green candle.
I really do appreciate each "Agree
If You have any questions
or want to dislocate something let me know down bellow in comments.
for your time and good luck trading