Quick assessment $BTC 26/8 :
• Daily frame: still in a downtrend, no signs of reversal yet, however, there are also no signs of a quick dump, so the price will soon oscillate around the entry price.
• 3-4 day frame: these are the two frames I am paying attention to as the upward signal is still intact even though the price dropped to 108xxx this morning, the chart has not changed.
=> the price will rise in the next 3 days - today - tomorrow - the day after.
• I assess the larger frame, so in the short term, if BTC drops one more time, it won't change anything; BTC will soon return to the correct view, just that I can't catch a better entry, so the plan doesn't have a stop loss but only has a DCA zone to add.
To break this view, BTC needs to drop to the 9x zone in the next 3 days - theoretically, this is possible, but currently, I think it won't; BTC will oscillate so that funds can gather a lot.
• Yesterday, setting a stop loss was good. Still profitable, and today I managed to catch a super nice entry.
My DCA order has been filled at 109xxx, so the Long entry has been adjusted down to 1105xx.
For now. Wishing everyone success!