HOTBTC: Weekly Flirting With TD Green Price Flip

To elaborate on the Daily bullish view of HOT/BTC:

• Bullish divergence on the CMF (compared to bearish on the Daily time frame).
  
• RSI beginning to find support from breaching oversold conditions at 30.
  
• TD Sequential reached an aggressive 13 (as far as TV algo goes).
  
• Weekly candle is flirting with a green 1 when 9 sats or above.
  
• MACD yet to bull cross but coming closer together.
  

Bullish divergence aside, I'm liking the simplistic sequential weekly view at the moment:

• The last time a green 2 went above a green 1 was in January 2019, the price rose 20 sats to 46 ATH within 2 weeks.
  
• The price therefore could breach the falling channel resistance first time (on a green 3 going above a 2).
  
• Next week could active the first long trade on HOTBTC for 9 months, based on the sequential system.
  

Resistance levels modified for weekly view: 12-14, 21-23, 28-31 as well as 46 ATH.

HODL for dear life?

Comentário:

This is totally still holding up despite the sell off :-)

Comentário:

Going exactly as planned, Green 2 going above the Green 1 on a Weekly timeframe.
Currently testing channel resistance.

Trade ativo

Comentário:

Break even stop loss @ 10 sats. Currently facing resistance.