Just wait...

We are in a very weird situation where the signals are very mixed and the direction is unclear.

Slightly bullish above 3900$.

Very bullish above 4100$.

Bearish below 3450$.

Comentário:

My plan is to buy the pull back if there is any at around 3820$. Otherwise just wait to get in above 4100$. We are back into bull, but there is still a lot of resistance.

I expected the break of 3820$ to be bullish, but didn't expect a 130$ rally in an hour (when this resistance broke). BTC is up 8% just from the beginning of the day alone, so buying right now isn't that wise (we are ovebought too)... Therefore a pullback is reasonable and then go test 4050-4100$

Comentário:

We've been bouncing between 3960 and 3850, but no clear direction. Right now we are leaning more towards bullish but the 3960-4125$ area is pretty significant.

We also have the futures settlement on the 29th of Sept so things might go rather crazy around there with a lot of news coming out. If no news come out, then it will be pretty boring...

We still haven't touched 3820$ which is my long entry, but someone could go long now if he feels particularly bullish...