thetradingparrot
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Where are we heading?
🕑 Added 2021-04-18 16:42:53 +0000 UTCThe 3rd of September of 2020 was the last time we closed below lower band of the Keltner channels.
Since then we've been always strictly respecting this level.
Today we need to carefully look at how we close the daily candle to be able to understand where are we heading with BTC now: continuation of the bull run or a short term bearish trend?
If we turned bearish we could potentially drop to even the 42-43 range if we break the 51K support or if we close the candle below the lower band of the Keltner channels (see picture).
At the moment 55K is strong, but we need to really see how things evolve in the next couple of days.
Same situation with the EMA ribbon: let's keep an eye if today we close for the first time the daily candle below the lower band of the EMA ribbon.
Switching off some extra bots
I'm switching OFF all these bots until we gain more confidence from what the market tells us in the next couple of days:
- Tondra - because it's also a buy the top
- Glorinda - because of leverage
- Petro (original & conservative) - because of leverage
- Nikolao - we can see this bot takes his time to close deals.
Also if you haven't increased the allocation of Lambo like me yet, keep it low, to a minimum, I need to incorporate some extra learnings from last fall ASAP so we can dodge a similar scenario in the future (conditions like TOTAL2 being too overextended / alt coin season running too hot, etc).
