Previously I posted a SHORT Bitcoin chart based off 1 hr TF. For the exact same reasoning I used there I have enetered LONG on 
ETH, 
DOT, $BTC.
Tight BB squeeze on 1 hr chart but what looked like CMF (Chaikin Money Flow) showing money coming OUT of these assets. But lately over last day these 1 hr candles now show money flowing IN.
I have reversed my positions in
BTC and gone LONG. Similarly, the ETH and DOT charts looks the same with even more accumulation.
Ethereum:
Entry @ $2975.64
Polkadot:
Entry @ $20.95
ETH, DOT, $BTC.Tight BB squeeze on 1 hr chart but what looked like CMF (Chaikin Money Flow) showing money coming OUT of these assets. But lately over last day these 1 hr candles now show money flowing IN.
I have reversed my positions in
BTC and gone LONG. Similarly, the ETH and DOT charts looks the same with even more accumulation.Ethereum:
Entry @ $2975.64
Polkadot:
Entry @ $20.95
Trade active
Bitcoin:Entry LONG @ $41,374
Trade closed: target reached
I hope everyone saw this and traded it as I did. I mentioned in the other thread that the Upside Target Price on BTC was $45500. BTC reached $45519 before selling off....I have sold everything as I think risk does NOT currently favor the upside. We are still on a Weekly downtrend and that has NOT changed despite the recent bounce that I traded here.
Trade what you see.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.