This is a snapshot of today's tide. You can see we are looking even more over-bought today then we were yesterday, We have hit 61 on the which is a level we have not seen for a while, while we are getting high, e have plenty of room yet. The is again sitting in the extremes, so a little pullback to reset this is possible. has recently crossed over and has moved above the centreline.
We are currently in a bull-flag which has a 67% probability of continuation and Currently Longs outnumber the Shorts by around 5k.
So while we are technically still in a "bear market", I would say the tide is running , from here we take a look at the lower time frames to see the waves and see if we have any trade opportunities.
thanks for your great trading info and also serious money on the table. not just arrows and no real setups ;)
I (falsely ) reentered btc at 7300 ish ( I thought there was a chance btc to go to 8700 ish..) and had a stop loss on bitfinex ( stop limit order)
and then went to sleep. then this 1 min sell off happened and bitfinex didn't fill my order at all. now I am holding a bag.
are you still confident btc will rebounce? then I may fill up more here instead of selling off.
i now placed a market order stop below the 20 ema just in case .
what would you do in a situation like this when your stop doesn't fill in a flash crash?
and has it ever happened to you ?
and do you always set stoploss market orders or stop limit orders ( which dont fill, i had same thing happen up at 11400 in feb, another loss du to order not filling )
thanks mate, fellow Aussie living in austria europe. still learning obviously