BTCUSD position Day 77 of 100DAYSOFTA

over 3 years ago

I think some of the gaps will be getting filled anytime soon. This is obvious from the remaining unfilled gaps.
10720- Filled
10540 - Not yet
10420- Not yet
10380, -Not yet
10125- Not yet
9215 -Not yet
8840 USD. - Not yet

https://www.tradingview.com/x/WYkczV0f/

This is my entry for the 100DAYSOFTA challenge, Sunday 15th 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 long. This is backed up by the price momentum. However, we should know that the invalidation is still at 9900 USD. This means we might need to close this price gap as this is wide enough. It is also worth to know that buying and going long at this price is risky. It is better we wait for the price to retrace with indication from Willy and also the wave trend. This can give us a long position with minimum risk.

https://www.tradingview.com/x/EnedJC2C/
1h
Also, we have a good support at around 10500USD from this TF. The ST is long and we have been seeing the price moving up in an impressive way. This shows that we might be seeing some movement favouring long. Willy is at oversold and the wave trend is showing bullish.

https://www.tradingview.com/x/L8EiUeM9/
30 mins
ST is long and wavetrend is also getting bullish as well as Willy. This means we might see some bullish price action in the coming days. This is also seeing some support at around 10700USD. This means we have the tendency of price movement higher. This shows that the current price will probably be supported if it nosedive to the support, if not , then we are likely to have a new trend which is short.