hi everybody. those who have read my last posts, should know that i am mostly concentrated at intraday time frames and for that i love the 4H, it is big enough to reflect any considerable change and yet small enough to be a good reflection of the ongoing matters. today there has been a test of the cloud's ceiling which has been rejected but there is steel hope. considering other indicators such as momentum and RSI, and it should be noted that there has been a slight increase in Volume compared to yesterday, but up till now, i think the increase is not due to BTC's market and mostly it should be related to US dollar loosing it's value against Euro. at the time of writing EUR/USD have grown 0.3% so the opening price of BTC which has been 9287 could grow up to 9565 by this calculation. the cloud has been acting as resistance and the market is undecided. i think every one is waiting for the US stocks market to open within the next hours to show us the direction; which unfortunately i think would be towards south.
but BTC has a history of proving everyone wrong and go the other way; so keep a close eye on smaller time frames and wait.
this is just an idea while i am waiting, so don't take it a trading advice or anything like that, always do your own homework, trade safe and have fun all along.
but BTC has a history of proving everyone wrong and go the other way; so keep a close eye on smaller time frames and wait.
this is just an idea while i am waiting, so don't take it a trading advice or anything like that, always do your own homework, trade safe and have fun all along.