$COIN Now 195.58,
After rushing up to 204.62, it was pushed back down.
Both the 1-hour and 4-hour kinetic energy are cooling off; over the last 4 hours, active buying and selling are only 0.775, with the sell side holding the advantage. But oddly, OI over the past 24 hours has increased by 7.9%, and the big players’ long positions are still 73.5%. This structure doesn’t look like it’s going to take off immediately—it’s more like shaking out the longs at higher levels first.
However, the daily chart is still above the EMA20 at 186,
so I won’t change direction—I’ll continue waiting for the left-side longs:
Set up positions between 188.50—191.00, invalidate if it falls below 183.50. For the rebound, first look at 204.60; if it’s stronger, then 208.40—212.
I won’t chase it above 195.
The biggest improvement lately is that I’ve finally learned to watch it rise—and not be in a rush to give my money away.
🚨 Bullish on the left side, waiting to hit it at 188.50—191.00 ✌️
After rushing up to 204.62, it was pushed back down.
Both the 1-hour and 4-hour kinetic energy are cooling off; over the last 4 hours, active buying and selling are only 0.775, with the sell side holding the advantage. But oddly, OI over the past 24 hours has increased by 7.9%, and the big players’ long positions are still 73.5%. This structure doesn’t look like it’s going to take off immediately—it’s more like shaking out the longs at higher levels first.
However, the daily chart is still above the EMA20 at 186,
so I won’t change direction—I’ll continue waiting for the left-side longs:
Set up positions between 188.50—191.00, invalidate if it falls below 183.50. For the rebound, first look at 204.60; if it’s stronger, then 208.40—212.
I won’t chase it above 195.
The biggest improvement lately is that I’ve finally learned to watch it rise—and not be in a rush to give my money away.
🚨 Bullish on the left side, waiting to hit it at 188.50—191.00 ✌️