I'll keep it simple today, I've highlighted the potential bounce zones, or areas where BTC -11.84% may catch its breath and bounce from.
We're still in a downtrend, and as mentioned previously we've been expecting one more down, this could be the last time to load up on cheap BTC -11.84% , as a result, expect alot of buyers in these zones. With that in mind at any of these points bulls might swoop in.
My buys are currently staggered from the green buyzone from the top, down. The majority of my orders are placed towards the top, with a smaller percentage towards the bottom, just as we lock in our profits and not be greedy, the same goes for our buys.
While not on here, sell is slowing down, so we may see it catch its breath for a bit, but I would anticipate a further selloff throughout the day.
I'll be away from the computer for the day, so I will update as I can. As always trade safe, and don't be greedy.
If you find my ideas helpful, please return the favor and hit the like and follow button, it keeps me motivated to keep charting!
Upcoming 1hr MACD crossing
Just observe volume, and buy in the optimal zone.
Noone can tell you how far it will go with 100% certainty, make sure your buys fill, but throw some down low and maybe you'll get lucky.
Let's see what happens today.
At the end of the day I increased my position by a third, off this, and I find that greed does not suit me well.
I'm now beginning to look at alts and will post charts as I encounter opportunities.
Sometimes I even amaze myself!
As always, just my opinion, and not financial advice blah blah blah, do your own research, seeing a large increase of people just taking my calls, I know when to exit trades, and if your buying off my calls and I don't update (I've got 3 charts going, while @ work in and out of meetings) your gonna get burned.
Just use this as advice where I see stuff going, but at the end of the day, your own money management and risk tolerance is on you.
I discussed my reasons for each scenario on stream tonight and I'm going to bed so I won't get into it.
I've staggered my buys in the yellow zone, and if they hit, wonderful! If by some chance we break up above $11,256 over night, I'll evaluate it in the morning and I'll post an update regardless.
As always, trade safe and wisely!