BTCUSD position Day 66 of 100DAYSOFTA

turpsy (62)in Steem Africa • 4 years ago

CME beautiful gaps are at
12450 USD.- Not yet filled
12115- Not yet filled
11900- Filled
11765, -Filled
11565- Not yet filled
9955, -Not yet
9215 -Not yet
8840 USD. - Not yet

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

We are really looking at the CME chart and the gaps may not be filled or may fill as the price action unfolds.

This is my entry for the 100DAYSOFTA challenge, Thursday 20th August 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
The invalidation price is 11040 USD, and a close below that will change the trend. However, right now we have Supertrend as bullish, and the trend is still thessme. Also, Willy is still resetting and we don't have much time before we see another price uptrend. If willy crosses, at the oversold region, then we are very likely to see an increase in the price action. Also the wavetrend is now at the base and may soon signal a buy. I will be looking at the opportunity at this level.

https://www.tradingview.com/x/W2O5JVEK/
1h
Right now, the trend is bearish from the supertrend and this means we are likely to see a price that may move up or down. Willy is so bearish , and it is showing that we may see a dump more so it can be reset. However, this is the time we should be looking for longs, since the Willy is at the oversold region and may pop up with price increase anytime soon. The wavetrend is also showing bullish divergence.

https://www.tradingview.com/x/zrMf5mZ8/
30 mins
The price action on the 30 minutes is showing a bear trend too. However, when we have this bear trend, we should look to getting a price at which we can long. This means we have to consider the Willy closely and recently the Wavetrend indicator. Right now, the Willy not decisive about the movement, this is what we need to consider. A bullish divergence might pop up on the Willy or wave trend indicator.