Bitcoin - 1/5/20 - First update of the New Year! Time to short?

in hive-167922 •  5 years ago 

Happy New Year Everyone! Last blog I was talking about how we are in the golden zone and we are about to try and make a jump. We took one more stab down, but we did go up almost $400, since my last post! I see us going up much more, but short term looking at a short position to play! First let's look long term and see where we are at.....
chart1520.png
https://www.tradingview.com/x/QZM91XZj/
Looks bullish on the daily, let's see why I want to short on smaller time frames...
chart15202.png
https://www.tradingview.com/x/0NKTYfjJ/
Clearly see 5 waves, let's look at my favorite indicator (RSI) and see my other reason for going short. Gonna use the hour time frame...
chart15203.png
https://www.tradingview.com/x/WZPKC1an/
Where will I close my short and look to go long? The golden zone of course! This is not financial advice, this is my trading journal. Good luck and good day!


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no

No? On the short term dip? Or a long term bounce?

short term dip

I'm in the green atm, just barely, but did break a resistance line so I am feeling good about it, but far from a "win" yet. Time will tell!

Good luck. Hope you get the W.

Man, you got that right, I was up 1.5%. To bad I didn’t close it. Stopped out. 😔

Posted using Partiko iOS

Come on man