Swing Failure Peppa'n

Until we clear the previous swing high (white line, 3,500) I am not yet convinced that btc is anywhere out of the downtrend yet. Short term looks a little exhausted imo. Will see how much the bulls can continue supporting the price levels prior to jumping in

Didn't quite liked the buying pressure and cmf has been going down instead of up. Market closed at 3,226.5 after seeing the previous bearish pin bar close and out of fear that macd might also cross. I'd rather take a small profit here and keep watch

Been studying new strategies and paper trading them. Seem to work better than my old ones. btc currently seems to be sitting on a small accumulation zone. Bulls seems to be defending the current price level well so far. Got a position at 3,210, looking at least 3,314 at close

btc is showing good reasons for me to believe in an upcoming bullishness. Bears trying to sink price but trend line (green) has been holding support well. So long as price continues to hold for the next hour I am looking to open a long position

Stopped out at 4,005. Still holding onto a short bias, I think this may be a stop/liquidity hunt unless real buying pressure starts bringing btc close above 4,100. Sidelining at the moment

Entered a short from 3,965 targeting around 3,750 at close

btc showing buying weakness but is currently nicely supported by trend line (blue). I would be interested to see how price reacts to 4,040 level or will price eventually close below the trend line. That together with the obv shall determine my next buy/sell decision

Indicators on btc indicates oversold conditions. Interested to see how the next few hours play out whether bulls will start kicking in or will bears continue it's attack to bring btc to new lows. obv now resting on ema (bounce or breach will determine my next position)

Set and order at 4,290 but didn't get filled. Later got short filled at 4,190 and closed at 4,040 a 150 profit made. Not too shabby but could have market sold at 4,280 instead for a 240 profit. Onto the next trade setup

btc struggling to cross 4,300 and the buying pressure seems to have exhausted. Currently looking at shorting opportunities targeting to around 4,040 close

Placed order at 4,200 and got stopped out within 30 secs at 4,230.. My stop might have been too tight.. Kind of gutting myself now that I could have probably made a hit-or-miss order at 4,220 (stop hunt level) and stop at 4,250 for a higher probability scalp win.. Oh well..

btc price broke out of wedge pushing price close above 4,050. Looking at 4H indicators seemingly overbought. Hourly seems like it may want to push to 4,200 (which may be a strong daily resistance). Tempted to put a scalp sell order around 4,200

Interesting to see what btc is currently doing. Completed adam and eve pattern. Last few hourly forming a very tight falling wedge (more top and bottom touches to confirm). Falling wedge will complete cup and handle with eve. Obv sticking close to ema. Next few hours to determine

Didn't quite liked the selling pressure. Closed the position at 3,970 thus making a profit of 50. Awaiting the next few hours to play out

btc obv crossed 200 ema and price went to 4,070. However currently it seems that rsi and stoch is overbought. Obv is currently hanging on it's 200 ema (which I believe will get rejected). Opened a short at 4,020 targeting at least 3,825

btc obv close to touching it's 200 ema (yellow circle) which may get rejected (causing further decline in price to lower 3k) or cross it (momentary relief in price to 4,030 probable). That being said price is currently in no man's land (more time required for other indicators)

After being away for 10 days holiday the whole trading situation seems uncertain of any bull movement. Judging from the previous 1H candle close on eth I won't be surprised that the worse has yet to come.. Eth has to close above the red line with good volume for any bullishness

xbt made a decent bounce from yellow arrow line. eth made a strong bounce (yellow box) closing much higher than it dipped. Buying pressure for both isn't following through atm (indicators may want to reset some prior to up move). Expecting further consolidation moves for now

Expecting xbt to retest the yellow arrow line or even back to the yellow line and bounce from there for some bull continuation. However consolidation around current support with indicators resetting might also be looking good IMO. Till that happens I'm keeping a watch