Hi there traders,
My view on BTCUSD
The late media and hype pumped BTCUSD up to the skies, I believe it will continue but first needs a proper correction.
Last wave topped over previous high, and triggered quite some stoplosses on short position, i believe the last wave is BULLSH*T =)
As we can see the RSI and Imochi clouds signs for a correction, and I believe it will fall straight through the clouds for a retest around 9k area, If we see a HS completeion we might see further selloff.
Im in this margin trade short from 11400 USD:ish.. And i believe it can be a good profit trade with aprox of a week head of us.
Lets see if we get stopped out or not!
We need to see a retracement, possibly 0,5 levels not even looking for 618.
As we see there is a Head and Shoulder forming - What BTC will behave after this formation complete time will tell.
Play safe and good luck!
My view on BTCUSD
The late media and hype pumped BTCUSD up to the skies, I believe it will continue but first needs a proper correction.
Last wave topped over previous high, and triggered quite some stoplosses on short position, i believe the last wave is BULLSH*T =)
As we can see the RSI and Imochi clouds signs for a correction, and I believe it will fall straight through the clouds for a retest around 9k area, If we see a HS completeion we might see further selloff.
Im in this margin trade short from 11400 USD:ish.. And i believe it can be a good profit trade with aprox of a week head of us.
Lets see if we get stopped out or not!
We need to see a retracement, possibly 0,5 levels not even looking for 618.
As we see there is a Head and Shoulder forming - What BTC will behave after this formation complete time will tell.
Play safe and good luck!