BTCUSD position Day 82 of 100DAYSOFTA

over 3 years ago

The price has been moving higher now, we can see that in the chart. However, we have a huge gap at around
10610- To be filled
10285, -Not yet
10125- Not yet
9215 -Not yet
8840 USD. - Not yet

https://www.tradingview.com/x/icmcT5Nz/

This is my entry for the 100DAYSOFTA challenge, Monday 5th October 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
From the chart here on this timeframe, we can see that the trend is to be shorted. However, we need to be aware that the invalidation price is at 10870 USD. This means that we might be safe to place a short at price closer to this. Also, we have the wavetrend forming a high, which means we may see a dump soon. The Willy is also moving closer to the overbought but with more room upside. This shows we might see some upside action in price.

https://www.tradingview.com/x/HhubQ20R/
1h
Right on this chart we have the long trend activated. This means we might see a dump but the price might have a support at around 10450 USD. The long trend price means we might see price moving up in the next few hours. THe wavetrend is showing that we might have a dump soon. ALso, Willy is at overbought but not decisive.

https://www.tradingview.com/x/fbyOZTCe/
30 mins
On this TF, we have a long trend which means price is expected to rise. However, Willy is oversold and not giving a clear direction. The wave trend is showing a dump may be imminent. However, since we have invalidation at10550 USD, then we should expect that to support the price if it dumps.