BTCUSD position Day 81 of 100DAYSOFTA

over 3 years ago

The recent gap is towards the downside. This means we might have a better chance of going below
10285, -Not yet
10125- Not yet
9215 -Not yet
8840 USD. - Not yet

https://www.tradingview.com/x/XRM9WRZi/

This is my entry for the 100DAYSOFTA challenge, Monday 29th 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 trend is bearish now and that means we will probably dump anytime soon. We also have the Willy at an undecisive level. Showing us that the trend might not yet be over. However, the wave trend has given us a bearish dot. I think the safe play will be a short

https://www.tradingview.com/x/GPhKO6Yj/
1h
We are having a short trend starting to develop on this TF. This has been followed by a bearish dot on the wavetrend too. Also, the Willy is now having a bearish crossover. It is then fair to look at the possibility of shorting a bounce.

https://www.tradingview.com/x/WbM4sVq0/
30 mins
On this timeframe we already have the short trend established. This means we can expect either the trend continuation or reversal. However, we have Willy at oversold conditions and the wave trend is now bearish. We may see bears in the coming days.