Gaps at 9230, 9285 are now filled. We re left with gaps at 9125 and 9600 unfilled. This means we might either fill the 9125 now or later. At which ever time we choose to fill it, we should have it in mind that there are gaps there. It will guide our approach.
https://www.tradingview.com/x/ahOVvmCY/
This is my entry for the 100DAYSOFTA challenge, Tuesday 14th July 2020.
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I am joining a challenge by a group of traders. The challenge is #100DAYSOFTA. Some of the people in this group have posted on $Youtube, $Twitter but I will be posting mine on Hive.
The convener of this challenge is https://twitter.com/CryptoluXP
However, the frequency might not be daily but it will be sequential.
Having said that, here is what I have:
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4 hr
As I have been writing, We can see that the 4hr ST trend is still intact. And despite having lots of volatile movement, we still always bounce back. This suggests that we have the opportunity to expect btc to go on a run. That run will support the ST long trend which is still in force. Willy looks more like a double bottom within the range of the ST long. This might actually be valid or at most we drop down and have a double bottom again.
https://www.tradingview.com/x/bpeaSTka/
1h
On this TF, we have price action that has been giving us opportunity to buy low. Remember the 4 hr is long but the 1hr ST is short. This suggests that we should expect a dump, and as we can see from the PA, there has always been a dump whenever the price moves closer to the ST resistance. Willy is now at almost oversold, which means we can expect price to either correct or blast through the resistance.
https://www.tradingview.com/x/MtciLgE6/
30 mins
Sometimes, I prefer Bitstamp chart, I think most times. It gives me a better idea of the market than most exchange price action. However, it also be manipulated to give inaccurate trend. The trend on BTCUSD is long on this chart and can be seen that despite the wicks here and there, the Trend didn't change to short. This can give us the confidence to stay with the bulls. In this trend I am not looking for a short, but a long opportunity.
https://www.tradingview.com/x/Bf4LzZm1/
Extras
15mins and 5 mins charts respectively.
https://www.tradingview.com/x/4jWwRGEQ/
https://www.tradingview.com/x/ssVheGjf/
Summary:
4hrs ST is long
1hr ST is short
30 mins ST is long
My Position
We look forward to the right position yielding amazing results.
https://www.tradingview.com/x/1G5ueTHY/
Please see the text below for the entries.
Today, it has flipped long. That means I have to look for a long opportunity at any drop. I will be longing.
This long entry will be at 0.382, 0.5 and 0.618 Fibonnaci retracements numbers, stop loss at 0.886, Target at 9700+.
