BTC Quick Update (August 14, 2018)
From yesterday charts...
Seems like the Bears won again yesterday though the Bulls made some runs.
Remember that I highlighted yesterday to be cautious especially when I ask if the R:R is worth it for a trade.
...Reaching the T1 but failed to rally to T2 and T3 bring it lower to 5.8K Range.
Zooming out
With confluence showing that we might go down to 5.4-5.5K Range. Though we may have some bounce on 5.7K before continue going down.
So far these are the reading we are getting base on the updated given data by BTC.
Disclaimer
Heads up: This doesn't mean na perfect lahat ng mga plays nmen but what we do is lower the risk. It means kung dati HULAanalysis lang ang gamet nateng indicators, this time around we maximized all the position we took. But again it will not give 100% profit but instead, we will gain more on knowledge to be smarter trader next time around that will give us profit in a higher percentage. Know the difference between Trading and Hodl/Investing, they do have different strategies along side.
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Though we may still have a slight bounce base on RSI and BB. Plus the fact that the Selling Volume is getting lower (Based on the current given data).
confirmed bounce to 6.5-6.6K Range.
6.5k-6.6K is still being tough for the bulls to break. Possible scenario we can expect. Forming a H&S Pattern in large scale for 1D TF.
Target still remains strong @ 5.3k-5.7k Range.
Current 1H TF Charts shows...
Though on RSI showing Bullish divergence that may cause break up to 6.8-6.9K Range before going down...