The 1-day chart is showing us a hidden divergence between price action & Stochastic RSI, this indicates a trend continuation. Although not shown on the above chart, the Bollinger bands are also converging with price action in the upper band suggesting a big move is coming.
The 4-day chart below, the last candle which completes today, is showing support on the 200-day & 21-week moving averages with constant accumulation throughout last year.
The 4-day chart below, the last candle which completes today, is showing support on the 200-day & 21-week moving averages with constant accumulation throughout last year.
Trade fechado manualmente:
Going to close this one for the time being. 600% since publishing in only 4-months, fantastic.
On the 10-day chart below you can see the MFI is overbought (circled in orange). Following this overbought period price action collapsed. Risk of holding is now high, take profits. Additionally RSI is showing weakness following the overbought period (green column) with Stochastic RSI starting to lose momentum.
It is always difficult to sell after a 600% run, you're hoping for more. That's called greed. Questions I ask myself before taking profits:
1) Is it possible price action continues higher? Absolutely.
2) Is it probable? very unlikely.
On the 10-day chart below you can see the MFI is overbought (circled in orange). Following this overbought period price action collapsed. Risk of holding is now high, take profits. Additionally RSI is showing weakness following the overbought period (green column) with Stochastic RSI starting to lose momentum.
It is always difficult to sell after a 600% run, you're hoping for more. That's called greed. Questions I ask myself before taking profits:
1) Is it possible price action continues higher? Absolutely.
2) Is it probable? very unlikely.
BTC
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Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
1) Investors: do nothing.
2) Swing traders: Take profits and buy back in during October or whenever Bitcoin bottom is in.
3) Day traders: You're on your own!