Positive news overnight: Trump temporarily called off an attack on Iran, and MSTR closed up 4%.
BTC: A bottom is now in on the daily chart. Overnight, price initially broke above the daily EMA7, which could extend last Sunday's 4-hour oversold rebound into a 6–12-hour relief rally, before dropping again around the Fed meeting next Wednesday or Thursday. So be sure to use take-profit and stop-loss levels in the short term. On higher timeframes, the 3-day, 5-day, and weekly charts are still in downtrends, so shorting rallies remains the main theme this month.
Short: Yesterday I said that if price reaches around 63850, you can add to the short. On a pullback to 62950-62750, close part of the position and keep the rest, with 64300 as a defensive level. If 64300 breaks, look to short in the 65250-65750 range; close on a pullback to 63888-63666.
Short-term long: Go long with a small position at 62666-62455; stop at 62300. Take profit at 63500-63800-64200. If 62300 breaks, look to buy the dip at 61666 and 61086.
ETH:
Short: Short around 1716; take profit at 1682, 1662, and 1656. Stop at 1722.
If 1722 breaks, look to short again at 1750 and 1772, with 1800 as a defensive level for reducing the position.
Short-term long: Go long with a small position at 1648; stop at 1635; take profit at 1688-1702.
Go long at 1604; stop at 1599; take profit at 1646-1660. $BTC $ETH
BTC: A bottom is now in on the daily chart. Overnight, price initially broke above the daily EMA7, which could extend last Sunday's 4-hour oversold rebound into a 6–12-hour relief rally, before dropping again around the Fed meeting next Wednesday or Thursday. So be sure to use take-profit and stop-loss levels in the short term. On higher timeframes, the 3-day, 5-day, and weekly charts are still in downtrends, so shorting rallies remains the main theme this month.
Short: Yesterday I said that if price reaches around 63850, you can add to the short. On a pullback to 62950-62750, close part of the position and keep the rest, with 64300 as a defensive level. If 64300 breaks, look to short in the 65250-65750 range; close on a pullback to 63888-63666.
Short-term long: Go long with a small position at 62666-62455; stop at 62300. Take profit at 63500-63800-64200. If 62300 breaks, look to buy the dip at 61666 and 61086.
ETH:
Short: Short around 1716; take profit at 1682, 1662, and 1656. Stop at 1722.
If 1722 breaks, look to short again at 1750 and 1772, with 1800 as a defensive level for reducing the position.
Short-term long: Go long with a small position at 1648; stop at 1635; take profit at 1688-1702.
Go long at 1604; stop at 1599; take profit at 1646-1660. $BTC $ETH