Note to self:
'BTC has been building for a a couple of days. A small pull back was required before the return to previous levels. Resistance has been provided by January's downward movements giving us a slow pull back instead of the common 'BTC fast dumps. Wouldn't be surprised of we get up to 3285 or even a spike past it, pulling back to the 3260 mark for some more sideways wandering.
Wait for stoch to turn before entering.
There is always a risk at the end of a squeeze to go in the opposite direction, so get stops in and watch out for a drop back to 3000.
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The top is the highest point between two points. The bottom is the lowest point between two points. Neither can be defined until they have been passed. Don't buy the bottom - wait for it to be defined.
'BTC has been building for a a couple of days. A small pull back was required before the return to previous levels. Resistance has been provided by January's downward movements giving us a slow pull back instead of the common 'BTC fast dumps. Wouldn't be surprised of we get up to 3285 or even a spike past it, pulling back to the 3260 mark for some more sideways wandering.
Wait for stoch to turn before entering.
There is always a risk at the end of a squeeze to go in the opposite direction, so get stops in and watch out for a drop back to 3000.
________________________________________
The top is the highest point between two points. The bottom is the lowest point between two points. Neither can be defined until they have been passed. Don't buy the bottom - wait for it to be defined.