Long
SHILL - Time To Buy Back In
SHILL (Rank #1329)
I partial sold as it was dumping and it was unclear what Bitcoin would do next
But now Bitcoin is showing relative stability and I think it will bounce, I think it is time to buy back SHILL and continue with my higher time frame strategy.
It has dipped into a support area where there is a lot of activity so I think there is a good chance that it will at least settle in this area and the bearish risk is less.
But if Bitcoin bounces and even move on up then SHILL may also progress upward.
Notice also that the 4 hour RSI is starting to curl up as lower price lows have printed and this is a clue that a bounce is coming.
I wasn't selling this specifically to cut back in lower, rather I sold because I saw high momentum to the downside that looked likely to continue.
But now that I am buying back in I have repurchased the SHILL that I sold for approximately a 16% discount 👍.
See linked Bitcoin threads for more details
Not advice
I partial sold as it was dumping and it was unclear what Bitcoin would do next
But now Bitcoin is showing relative stability and I think it will bounce, I think it is time to buy back SHILL and continue with my higher time frame strategy.
It has dipped into a support area where there is a lot of activity so I think there is a good chance that it will at least settle in this area and the bearish risk is less.
But if Bitcoin bounces and even move on up then SHILL may also progress upward.
Notice also that the 4 hour RSI is starting to curl up as lower price lows have printed and this is a clue that a bounce is coming.
I wasn't selling this specifically to cut back in lower, rather I sold because I saw high momentum to the downside that looked likely to continue.
But now that I am buying back in I have repurchased the SHILL that I sold for approximately a 16% discount 👍.
See linked Bitcoin threads for more details
Not advice
Note
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I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Related publications
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.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Related publications
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.