2432—those needles—I watched with my own eyes as it didn’t get filled.
At the time I thought I’d wait for 2415, but it instead bounced straight above 2500.
Now at 2503: 1-hour RSI is 52.3, MACD is bullish, volume ratio is 0.0—squeezed so hard it has no spirit left.
MA5 at 2514 presses down, MA20 at 2492 props up, and price is stuck in the middle.
Bollinger upper band 2544, lower band 2440; it’s positioned slightly high, bandwidth is 4.2%, and it looks like it’s tightening again.
On the 4-hour chart, MACD is bearish; the volume ratio is 1.8 with an expansion in volume—selling pressure is real.
But on the 1-hour chart, volume is shrinking; price hasn’t broken below MA20, which suggests it can’t be hammered down.
At a time like this, chasing longs isn’t worth the odds.
For an upward move to happen, it needs to build volume and reclaim 2547—the prior high—then next comes 2566.
If it breaks down below 2432, long positions’ stop-losses will get triggered and cascade; only 2415 is strong enough to absorb it.
What it most resembles right now is a volume-shrinking pullback—wait for it to step on and stabilize, then go up.
My plan is to enter long around 2440 on the pullback, put the stop-loss below 2415. First target 2547. When it reaches that, I’ll cut half; the remainder will be aimed at 2566.
This is just my own plan—your money is in your own pocket.
This isn’t catching a bottom; it’s waiting for favorable odds.
#BTC #ETH #以太坊 #币圈 #Market analysis
At the time I thought I’d wait for 2415, but it instead bounced straight above 2500.
Now at 2503: 1-hour RSI is 52.3, MACD is bullish, volume ratio is 0.0—squeezed so hard it has no spirit left.
MA5 at 2514 presses down, MA20 at 2492 props up, and price is stuck in the middle.
Bollinger upper band 2544, lower band 2440; it’s positioned slightly high, bandwidth is 4.2%, and it looks like it’s tightening again.
On the 4-hour chart, MACD is bearish; the volume ratio is 1.8 with an expansion in volume—selling pressure is real.
But on the 1-hour chart, volume is shrinking; price hasn’t broken below MA20, which suggests it can’t be hammered down.
At a time like this, chasing longs isn’t worth the odds.
For an upward move to happen, it needs to build volume and reclaim 2547—the prior high—then next comes 2566.
If it breaks down below 2432, long positions’ stop-losses will get triggered and cascade; only 2415 is strong enough to absorb it.
What it most resembles right now is a volume-shrinking pullback—wait for it to step on and stabilize, then go up.
My plan is to enter long around 2440 on the pullback, put the stop-loss below 2415. First target 2547. When it reaches that, I’ll cut half; the remainder will be aimed at 2566.
This is just my own plan—your money is in your own pocket.
This isn’t catching a bottom; it’s waiting for favorable odds.
#BTC #ETH #以太坊 #币圈 #Market analysis