[BTC] - The Train is moving.
HI all, Crypto Sludge here.
Is the BTC correction over? No, not yet. But we are seeing some pretty strong movements that if completed will convince me that indeed BTC is going higher. I am however seeing movement that imo looks like accumulation (big market orders on small time scales not followed by a retracement.
On the 4h chart, we are in the assault into the cloud, the move is decisive but the volumes are not strong enough and we are on TD 8/9, so if we get rejected price could reverse, a clear entrance and clearing of the cloud will be my bullish sign with 13.5K$ as the entry with 12.6$ as the stop loss and 14.8k$ as the first target which correlates with the cloud resistance on the 1D chart, on the 1D we finally see the stochRSI in the oversold area beginning to show a strong move up.
4 Hour chart
1 Day chart
Let me know what you think
Trade ON!
Crypto Sludge
bitcoin rocks,,still improvement ,,@cryptosludge
Nice to see the entry levels and stop-losses. My targets are $13000 and $14000 counted with Fibonacci retracement from here
Thanks!, i am more of the buy the breakout type of trader, so i want to confirm the cloud breakout before going in.