$Bitcoin (BTC.CC)$4-hr TF - Clear channel visible - EMA not cooperating with the outflow well enough to break the channel downward - RSI at 27 shows oversold - MACD in good position to cross - probable to touch near 98000, bounce back, and my first touchpoint would be around $104000 // volume not as big as previos ones - I'm buying to dollar cost average //possible downward for longer TF so be careful and don't gamble // (Personal Analysis not a signal, due deligence required)
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PersianDanger
OPEZ_money
:
it all goes back to the trader, I use 4-hr since BTC is highly volatile and has excited traders in shorter TFs, US election put the RSI on overbought in daily and weekly for sure, but it doesn't mean RSI can't stay there in your TF. I think a major correction is possible on the normal condition, but Saylor's entering for the biggest buy wouldn't let that happen before another big jump.
EZ_money
PersianDanger
OP
:
4 hour is for day or swing trades....if Bitcoin is long term hold wouldn't you want to look out further views? day trade i understand....even entry or exit too all views are important
EZ_money
PersianDanger
OP
:
yes RSI is not something to go all in on I've seen some hot for a long time and also ice cold off the charts sold and nothing happens
PersianDanger
OPEZ_money
:
good words, and that's why my first sentence is 4-hr to clarify the analysis is not for long-term ones, RSI I don't rely on it for Crypto. I believe instutational buy is coming in to get a fast profit, end of era for swing is coming at least for 50 days. share your opinion on it.
EZ_money
PersianDanger
OP
:
I think rally is over or soon to be as more and more news about recession hits just a matter of time. there's also a few other possibilities from now until EOY that I'm going to keep to myself that's going to effect everything so i see people's expectations are probably too high when you factor in the macro aspect
EZ_money : look at your RSI on the weekly and monthly.... oversold![rolling_on_the_floor_laughing 🤣](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f923.png)
![rolling_on_the_floor_laughing 🤣](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f923.png)
that's funny
PersianDanger OP EZ_money : it all goes back to the trader, I use 4-hr since BTC is highly volatile and has excited traders in shorter TFs, US election put the RSI on overbought in daily and weekly for sure, but it doesn't mean RSI can't stay there in your TF. I think a major correction is possible on the normal condition, but Saylor's entering for the biggest buy wouldn't let that happen before another big jump.
EZ_money PersianDanger OP : 4 hour is for day or swing trades....if Bitcoin is long term hold wouldn't you want to look out further views? day trade i understand....even entry or exit too all views are important
EZ_money PersianDanger OP : yes RSI is not something to go all in on I've seen some hot for a long time and also ice cold off the charts sold and nothing happens![rolling_on_the_floor_laughing 🤣](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f923.png)
PersianDanger OP EZ_money : good words, and that's why my first sentence is 4-hr to clarify the analysis is not for long-term ones, RSI I don't rely on it for Crypto. I believe instutational buy is coming in to get a fast profit, end of era for swing is coming at least for 50 days. share your opinion on it.
EZ_money PersianDanger OP : I think rally is over or soon to be as more and more news about recession hits just a matter of time. there's also a few other possibilities from now until EOY that I'm going to keep to myself that's going to effect everything so i see people's expectations are probably too high when you factor in the macro aspect
PersianDanger OP EZ_money : I agree, time for some options LoL.