Cordali

Bitcoin Sunday slowdown on the 4 with 1 hour reference

BINANCE:BTCUSDT   Bitcoin / TetherUS
As it appears, the trend is continuing as planned with minor adjustments to keep the wicks under the green. In my opinion, the wicks are the true zones you should look out for considering they are in the overbought/sold zones. I say this because one does not want to enter in the average range, you would want to maximize your return percentage so in short, wait boys. Okay so, in reference to the one hour zone, the Bollinger bands are rather tight (as expected of a Sunday due to the low volume of traders partaking today) so I would expect some short up and down movements per-say? Overall, let's see where it goes. I expect a short rise on the uptrend given how long the wicks are on the 4 hour scale. It is nice to reference how in the day scale, there is a green candle but it is tiny so it makes sense that today will be a short rise too. Once again, these posts are not to tell you what to do, it is to inform you of what is happening so enjoy away. Happy trading and be careful, today is usually a slow day and highly erratic (volatile) at times due to that so if you are an option trader, don't blow your money being emotional.
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