BTC short-medium term, might have a breather soon.
Atualizado
So the weekly chart of BTCUSD with the 21-week moving average has been very popular, as during bull runs the price seems to bounce off this average quite often. However, something I've noticed is that if BTCUSD is in an uptrend, it has a habit of touching the upper Bollinger Band week after week. If it finally doesn't, it seems to go back down to at least test the 21-week moving average.
Not sure if the past will be repeated, but it looks like this week BTCUSD might not touch the upper Bollinger Band. If BTCUSD does not touch the upper Bollinger Band, it might be worth considering trading any non-HODL part of a BTCUSD position, to see if BTCUSD heads towards a test of the 21-week moving average. Obviously (to me) BTCUSD is bullish, so the risk is to the upside, but for the short-medium term getting back to that upper Bollinger Band is important, and if BTCUSD does not do it this week, it might be a short while. If one is looking to get in or add, might be an opportunity coming up.
Not sure if the past will be repeated, but it looks like this week BTCUSD might not touch the upper Bollinger Band. If BTCUSD does not touch the upper Bollinger Band, it might be worth considering trading any non-HODL part of a BTCUSD position, to see if BTCUSD heads towards a test of the 21-week moving average. Obviously (to me) BTCUSD is bullish, so the risk is to the upside, but for the short-medium term getting back to that upper Bollinger Band is important, and if BTCUSD does not do it this week, it might be a short while. If one is looking to get in or add, might be an opportunity coming up.
Trade ativo
Did not hit the upper Bollinger Band last week. Slowly selling non-HODL positions into rallies towards the upper Bollinger Band. Buy orders set near the 38000, middle Bollinger Band, and 21-week moving average supports.Nota
Bounced off of the upper Bollinger Band as predicted. Continuing to sell non-HODL position into this strength, until there is a clear break out of the upper Bollinger band.Nota
Breakout attempt going on now, let's see what happens next, and how we close the week.Trade fechado: objetivo atingido
Basically trading right at the upper Bollinger Band going into Sunday evening. So looking for a pullback next. Not sure it will get all the way down to the 21-week moving average, but until BTCUSD starts pushing the Bollinger Band up, seems best to stay neutral on BTCUSD.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.