New High but not looking all that good

4 พ.ย. 2017

It did make a higher high at 7000 yesterday, after the 6700 2 days ago. It even made a new high a few hours ago, but it's not al that convincing yet.
Volume is not showing real strength and there is some divergence. However i don't like using indicators, especially with crypto's. These last hourly candles also don't look all that positive. I am staying flat for now, because i want some clearer signals. The 7350 is an important level now, if this candle or the next closes below the 7350, i will probably go short, but i do want to see a signal on a smaller time frame also.
If it bounces off the 7350 and gets above the 7500, than i will probably go long.
Earlier today i lost some points when i was short and it hit my stop at 7350. It should have stayed under that level for the short term downtrend to stay intact. I am flat since that loss to get a more objective few later on.
Good luck

4 พ.ย. 2017

บันทึก

Big chance it will go higher, the 3750 seems like a good support, but there is no real bounce off it. Wait and see

5 พ.ย. 2017

บันทึก

Still some buying power around 7350. Still waiting for some confirmation

5 พ.ย. 2017

บันทึก

Iam short now, stop at 7450

5 พ.ย. 2017

บันทึก

If it goes below 7300 i will lower my stop to my entry level at for a free trade. To risky all of this.
My guess is that it will drop to around 7100/7150, from that level i will probably go long. I just think it will stay within a range of 6800/7000 and 7500/7700, fooling everybody :)

5 พ.ย. 2017

บันทึก

I have added short just now as it pulls back to the 7350. I will put a short stop on everything at 7400. it should not get above the former support

5 พ.ย. 2017

บันทึก

Moment of truth right now, i think an acceleration will come any moment now, but it can go both ways now