ENG BTC...playing devils advocate

24 ene 2018

Noob here, but learning. Am seeing a lot of positive ENGBTC TA in my feed, which is great! Alot of it I cannot reply to as I dont have the cred yet. Anyway let me start off by saying I am a noob and post these as learning tools. Also I am not in any ENGBTC trade...so if you are in..best of luck!
I just dont see it changing in the short term though. I like to use the cloud. I have adjusted my setting based off recommendations for crypto.
Anyway, I see a TK cross in the cloud and also the lagging indicator in the cloud. yes there is a potential kumo breakout or cloud break, but with no volume, also I see bearish divergence on the stochastic RSI (see circle with no shading).

Thoughts :)

25 ene 2018

Nota

Almost 2 days later and they is playing out as expected.
Volume is still in decline and the cloud has acted as resistance level that price could not break.
The bearish divergence played out as expected. Our kumo twist is happening.
To all those in this trade...best of luck to you :)