BTCUSD position Day 68 of 100DAYSOFTA

over 3 years ago

The CME market is not yet opened and therefore we have no new price action on the chart. This means the following prices are filled or left unfilled.
11900 USD.- Filled
11820- Not yet filled
11580, Not yet Filled
11958- Not yet Filled
10255, -Not yet
9955, -Not yet
9215 -Not yet
8840 USD. - Not yet

https://www.tradingview.com/x/Alk0NOCN/

This is my entry for the 100DAYSOFTA challenge, Sunday 23rd 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
Interestingly we are having very good trend and support than ever on this 4hr Supertrend. Even though we have seen short time price reversal but we have not seen the trend broken. And we know the trend is our friend till the end. We also can see that Willy has already made the bullish cross and wave trend indicator have shown the green dot. All these are bullish flashing signs from these indicators. I t is wise to go long at any best price level.

https://www.tradingview.com/x/HPkyMgtW/
1h
Supertrend is bearish, however, the resistance is at around 11800 USD, showing that we may get to that price before a rejection towards lower value. Although we may not break too farther low, but a short time rejction is possible. Willy is also at lower levels and recovering from the oversold prices. Also, wave trend is now trending upward, meaning we are starting a new trend.

https://www.tradingview.com/x/t3OD7zkh/
30 mins
As this TF is always fast in responding to a new trend, it will be good to watch this TF for the flip to the upside. This means if we get a long here, we can as well, look for an entry opportunity. However, Willy is looking good and wave trend is also great. We are likely to have a new uptrend in the coming week. This might lead us to the 11800-12000 USD price.