Cortex vs Bitcoin | Another Type Of Signal/Data To Look For...

28 mar 2022

I didn't want to share this one as I believe there isn't that much people talking about it but, we focus on the charts.

The blue space here is a support level; CTXCBTC.

We have a long descending channel that isn't descending anymore and then we have all this mixed price action near support... That's the signal.

The fact that we are seeing long upper shadows/wicks on the candles lately after CTXCBTC hit support, tells us that the bears are losing steam and the bulls are trying to take control of this chart.

How do we know if the bulls won or lost?

When you see prices moving and closing above EMA10/21 first, this means that the bulls have the upper hand short-term.

When we see prices moving above EMA50...
This means that we are ready to move ahead.

So, if you were to trade this Altcoin pair you can set a very tight stop-loss below 550 satoshis (0.00000550), low risk (we use manual stop-loss) and then you would aim for the stars... Securing profits in small portions on the way up.

Again, this has nothing to do with financial advice.
I am sharing my experience, my opinion...
I am just sharing (translating) what I see coming from the charts.

Namaste.