Bullish trend being established - will it be enough?
A bullish trend line has formed and will probably resolve within the next 2 days. If it is broken, we may retest the 550s, which will probably not hold up this time. If we do break through the medium-term bear trend, then I would take long positions above 607.
A potentially bullish signal is the full super moon on the evening of Aug. 10th. I am bullish-ish at this point. Lunar indicators are not absolute; the full moon is a reassuring sign for those who already have positions, but nothing is guaranteed. It's all about increasing the chances of success. If you feel you have the wiggle-room in your finances to take a little risk and go long with stop losses just below the current bull trend, then do it. If not, wait for a safe entry above 607 and consider shorting if the bull trend is broken.
Lunar indicators can be important in an emotionally-driven market such as this one, so watch closely what happens over the next few days.
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A potentially bullish signal is the full super moon on the evening of Aug. 10th. I am bullish-ish at this point. Lunar indicators are not absolute; the full moon is a reassuring sign for those who already have positions, but nothing is guaranteed. It's all about increasing the chances of success. If you feel you have the wiggle-room in your finances to take a little risk and go long with stop losses just below the current bull trend, then do it. If not, wait for a safe entry above 607 and consider shorting if the bull trend is broken.
Lunar indicators can be important in an emotionally-driven market such as this one, so watch closely what happens over the next few days.
If you like my work and would like it to continue, please consider a small BTC donation:
1GKhY5XNamFN77Lnr9pcDmx9AKyhvZT9jN
Cheers.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.