I don't know if the price will go up or down. But I think buying now in areas of multiple resistances is a bit risky.
Any divergence in either the MFI or the RSI indicating buying exhaustion, I believe it is a good time to sell. As happened on July 28th.
Trade ativo
Stables coins dominance signaling a bear trap.
Nota
MicroStrategy in resistance zone.
Many consider this stock a proxy for Bitcoin.
The correlation on the weekly chart is at a point where it tends to increase (periods from July to September).
In addition, the price is at the top of a long rising channel, threatening to break above and then turn back down in a symmetrical triangle on the daily chart.
Nota
USDT, USDC and DAI dominance index (together).
We have a possible false breakout of the bearish trendline in dollar dominance.
If this falsehood comes true, USD dominance falls, and so Bitcoin rises.
On the other hand, if there is indeed a breakout above and dominance rises, BTC falls further.
Trade fechado: objetivo atingido
Wait for the next entry.
Trade ativo
Next target: 59k
Nota
The price needs to respect wave 1 to continue rising.
Nota
Bullish divergence
Nota
VIX: people are scared...
Trade fechado: stop atingido
Partial target hit, operation cancelled.
Nota
Will the party end early or will we still have an extension if the same bullish leg of wave 3 repeats?
Trade ativo
Bear divergence on Money Flow Index, also with rejected resistance in RSI.
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