We have mixed signal..
4H quite bullish. While daily, a bit bearish..
1D cloud is holding the support and about to twist.. will it hold and turn bullish? Nobody knows except the fat fingers who drive the market lately. in Bitmex it's obvious some fat fingers been doing huge amount of market buy and sell. huge here we are talking $200M in few ticks.
What should we do? stay at high timeframe. it's less noise. Yes, the risk is we are late for entry or exit. that is why down averaging is needed. scale your long if you believe it's bullish. or scale your short otherwise.
I'm scaling in my long. I'll review my position few days from now..
4H quite bullish. While daily, a bit bearish..
1D cloud is holding the support and about to twist.. will it hold and turn bullish? Nobody knows except the fat fingers who drive the market lately. in Bitmex it's obvious some fat fingers been doing huge amount of market buy and sell. huge here we are talking $200M in few ticks.
What should we do? stay at high timeframe. it's less noise. Yes, the risk is we are late for entry or exit. that is why down averaging is needed. scale your long if you believe it's bullish. or scale your short otherwise.
I'm scaling in my long. I'll review my position few days from now..