HOT - Clear rejection - Accumulate folks!

6 февр. 2019 г.Not financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.

Thanks for all the love on my other HOT analysis! Glad to have some really great people to talk to.

Looking at this from multiple angles on the 4H timeframe. Things do not look bad. Here's the summary:

1. Rejected at the 61.8% retrace from the dominant high to dominant low... twice.
2. Modified pitchfork as you can see was tagged at the median then attempted to penetrate again but momentum was much lower. This is a sign of weakness
3. Now we are penetrating the lower trendline. This is not good for bulls right now.
4. ADX is showing some fresh bearish indicators on the 4H timeframe showing more downside.

I am now expecting a 61.8% retracing in the bear cycle as the bull cycle has worn out. I will focus on accumulating this layered from 29 to 25.

Trade safely friends. The trend is your friend... until it's not.

<3 -CE-

7 февр. 2019 г.

Сделка активна

Slight change in bias with recent price action. Holding 33 sats is important to the overall market move to the upside. If we fall much further, then we'll be heading toward the high 20's otherwise we may impulse up from here tomorrow.