Need to accumulate the BTC!! Wait. No. Stick to your plan right jagr? Alrite, sweet climb up today. When am I getting more fiat in? What am I waiting to see?
Let's take a look at today's 4HR
I've plotted out my S/R "zone" around $9300 to $9000. This is where I will scale in larger positions. But, I might start scaling in a small position around $9500. To early? Maybe, but trust me, it'll be small.
Dollar cost average your entries and you'll be able to go to sleep at night.
It looks like we may be seeing a little bit of correction. Maybe, of course. Let's take a closer look at the 2HR to see why.
It may be difficult to see that RSI, but it's going down, where that red arrow is. While we had BTC price action going up. Bearish divergence. Like we talked about before. Signalling a reversal. We are looking at only the 2HR chart, so it's not the best confirmation for me so I'm not expecting a huge reversal nor am I all that sure. But, it works for my breakout-and-by-the-dip-or-retest-grand-accumulation-scheme.
I don't usually do this, but here's another minor reversal signal. Take a look at the 15min - keep in mind that I don't like using small time frames like these, cause my short term trade days are over (as of now), and these mean squat for long term plays. There's a mini head and shoulders there. Creeping up on us. Not to mention we've dropped through the 15 minute's cloud.
