BTCUSD position Day 78 of 100DAYSOFTA

over 3 years ago

It is good to be back to posting. As usual the CME chart comes firsts. We have some gaps in the chart that might be filled soon or later

10820-Not Filled
10285- Not yet
9215 -Not yet
8840 USD. - Not yet

https://www.tradingview.com/x/FXgeXY1H/

This is my entry for the 100DAYSOFTA challenge, Friday 25th September 2020.

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I am joining a challenge by a group of traders. The challenge is #100DAYSOFTA. Some of the people in this group have posted on $Youtube, $Twitter but I will be posting mine on Hive.
The convener of this challenge is https://twitter.com/CryptoluXP*
However, the frequency might not be daily but it will be sequential.
Having said that, here is what I have:
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4 hr
The ST is now short. However the last uptrend didn't give a good entry. Now, that it is at a short, we can look at shorting when we are close to the resistance. The resistance right now is at 11100 USD. The current uptrend still seems to have a good fuel. Also, Willy not showing a short position now, although we have it at overbought levels. From the wave trend too, we still have more room to pop higher in the price.

https://www.tradingview.com/x/wVuLHuY0/
1h
The ST here is at a long position. The invalidation is at around 10300 USD. This means that we have room to go up and also come down while still being in a long trend. Willy already showed a bullish crossover and also the wave trend shows that we can still go up in the price.

https://www.tradingview.com/x/wg4Wo4DJ/
30 mins
This timeframe is always the fastest to know when the trend has changed. We can see that the price came down to form a bullish divergence before moving up. It is therefore worth noting that the wavetrend is showing some signs of overbought. This might mean a downward pressure is coming soon or we might overstretch the price again. Willy is also showing that we might have overstretch in price.