One of the CME gaps was filled yesterday at 9610 USD. The CME gap is obvious on the 15 mins chart, where 9655 and 9310 USD are left to be filled. We either have to go up or fill them before we continue an upward movement
https://www.tradingview.com/x/CPPxHms4/
This is my entry for the 100DAYSOFTA challenge, Wednesday 24th June 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
On this TF WIlly is getting overstretched and not retracing significantly. This means we can have price ranging for the next few days, before volatility returns. The ST is still short and the price is flirting around the uppermost part of the range. We are going to have a rejection based on the 4hr imprinting on the price action sometimes soon. However, we might also break up and clear all resisitance. Thats what BTC is capable of doing.
https://www.tradingview.com/x/ZZeESN5K/
1h
ST is long on this TF, and we have a turnaround in the Willy. The oversold Willy is almost at neutral now. This means we can either go up or down. The ST might actually push the price up in a little while, this can be played by short TF players.
https://www.tradingview.com/x/vH4orEFc/
30 mins
The practical use of Willy came handy in this chart. We can see that at each oversold region on Willy we have a good push up. The ST is long on this TF and the price has respected and reacted to that. We now have a good move up. However, the prices are cooling down right now. We hope to see what comes next.
https://www.tradingview.com/x/mBdmQ7KI/
My Position
I have thesame unchanged position.
My shorts were filled and now I have to some orders above the 4hr ST resistance, incase we wick up. I am thinking of adjusting the take profit upwards, due to the price action in the past days. I will be looking at the Fibonnaci retracement 0.618 value to use at TP.
This is the R:R.
https://www.tradingview.com/x/ULadKljK/
Hello there @turpsy,
Very nice post and TA !
Thank you for posting it in HODL Community. We gladly upvoted it.
Please join our discord so we can learn more about you: https://discord.gg/mmh6hY
I don't do TA, I will eventually if neccessary which I doubt, but not for now....nice one, I hope you can see it through so I can become your student Asap!
Well, the bear market spurred my interest in TA and I have to find the method that works for me. Still fine-tuning it.
Hahaha, I will be glad to refer you to someone that has good strategy in teaching people. I can recommend him, with a bold mind.
No need for that, I will gladly follow and monitor your progress/growth
Sure. You are welcome.