Today, I will be focusing on the higher timeframe and share my thoughts using Supertrend
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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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- 30 mins
The trend is still bullish and we are still having good support for any price movement. Right now we are having a kind of correction after the btc move yesterday. The ST is long. However, Willy is resetting and there is room for more downside.
https://www.tradingview.com/x/6wrzWNcB/
- 1hr
The trend is equally bullish. But the price action is trying to give us reason to find another point to long.
Willy is actually crossing over and moving to the downside but it might be very helpful to watch the willy closely, since we have more room to move downward.
https://www.tradingview.com/x/oKb6UAeo/
- 4hrs
The trend is also bullish , but the Willy is showing a level of reset. Remember that Willy can be in an oversold condition for long. Therefore, I will follow Willy with more intuition. Since ST is long, we should always look for long position.
https://www.tradingview.com/x/RpxnuIgr/
My Position
I will be looking to long at 9767 and 9686 with a stop loss at 9573, with a target of 10023 USD.
Pls note, this position is a low leverage one, or better still spot trading.
May your trade goes well.