Waiting for Confirmation Cont. From Yesterday Post

in #trading7 years ago

324trades.png

This is a continuation of my post regarding doublemoku and patterns Ive been following for a few weeks. the OP can be found here.
https://steemit.com/blog/@thatguyjoe/double-cloud-projection-btc
it also has a link to the TV when i decided to finally publish, but it has been in my TG for about a week now.

Yesterday we played that yellow well, and had buys all through it that hit, and some sells all the way to 9200, which did not hit, but most did. Currently we are waiting for confirmation of what to do next before we reenter the market.

Well we closed below 8500, bear flag ended, likely start seeing the movement downwards, no time line for it, just targets. First buy target if the yellow circle. Will have some orders there. if we go into the green, likely more sells and if we break the trend lines again consider we may have another leg up.

Following closely in this zone esp.

Sort:  

https://www.tradingview.com/x/IBeGLXQZ/

Some bullish divergence on the 4hr from a TK cross, likely the next wave up will be the final one before the drop, and depending on if we have capitulation from the bottom we moon there.

For future viewers: price of bitcoin at the moment of posting is 8541.50USD

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