In the next few hours, we should have the CME market opening. This means we can see some price movements fluctuations. The below write up still stands.
10380, -Not yet
10125- Not yet
9215 -Not yet
8840 USD. - Not yet
https://www.tradingview.com/x/3TZMj0xG/
This is my entry for the 100DAYSOFTA challenge, Sunday 27th September 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 ST is still bearish and we are having a sideways action for the past 24 hours or more. This means that we are either getting ready for a dump or a pump. The Willy is at oversold and already giving a bearish crossover. However, the wavetrend is having a green bullish dot, which means that we might see a small reaction on the upward side.
https://www.tradingview.com/x/rU5UrMoj/
1h
On this TF, we have a long trend, which means that the current trend favors the bull. We have to also note that Willy is now ar oversold with a bearish cross imminent. However, the wavetrend is still favouring longs. We can also note that if the price closes below the support line then it will turn bearish.
https://www.tradingview.com/x/Tgr09ptY/
30 mins
Clearly we can see a long trend on this TF. We also see that the wavetrend has had a red dot and willy is now oversold but still yet to have a bearish crossover. Therefore, we can easily assume that we have a boring price action.
https://www.tradingview.com/x/t8SyxTvP/
Extras
15mins and 5 mins charts respectively.
https://www.tradingview.com/x/xqV2bMyq/
https://www.tradingview.com/x/AfCsWM6w/
Summary:
4hrs ST is short
1hr ST is short
30 mins ST is short
My Position
I will be waiting for 4 hrs trends to indicate the perfect trade.