BTC UPDATE Short open
Play your fibs across all timeframes... an essential aspect to trading that's regularly underlooked.,. I mentioned the 74ish zone of mid-play, bears now have favorable conditions after that support and trend line broke. ..
This weekends trade ranges. Be patient with your buys and sells. RSI is the gutter, DMI moving into a short consolidation area. I wouldn't long big unless it was for a scalp. Bounce scalps are understandable. No confidence in bears until an 8k plus movement...the current scenario is playing into lower lows from an all-time high in the next 6 weeks unless a hook move in the next week to swing momentum upward. 9/21/18 week timeframe is a point of significance...
the side of the spectrum is still up in the air. Gann box has fallen into a wide zone. A Break below month long and short-term support. Keep it tethered. Watch 68-72 closely...and 78=8k decent term closing for an upside switch. RIght now, BTC will likely calm a bit before further movement downward
This weekends trade ranges. Be patient with your buys and sells. RSI is the gutter, DMI moving into a short consolidation area. I wouldn't long big unless it was for a scalp. Bounce scalps are understandable. No confidence in bears until an 8k plus movement...the current scenario is playing into lower lows from an all-time high in the next 6 weeks unless a hook move in the next week to swing momentum upward. 9/21/18 week timeframe is a point of significance...
the side of the spectrum is still up in the air. Gann box has fallen into a wide zone. A Break below month long and short-term support. Keep it tethered. Watch 68-72 closely...and 78=8k decent term closing for an upside switch. RIght now, BTC will likely calm a bit before further movement downward
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