Shorting BTC here
Updated
BTC is heavily overbought. The pitchfork has been dead-on accurate so far and the price is just miles away from the Kijun. This is not healthy at all and we will see a correction soon. Think we will see a c-clamp formation between the Tenkan and Kijun (Blue & Red line) soon. Bids would be at the kijun around the 5900-6000 area but I don't think it will reach that.
Comment
Okay so BTC decided to go another leg up... Shorting wasn't bad but I averaged my way to the top so It didn't hurt me but still. FOMO is just ridiculous at the moment but we will see a massive drop soon. Keep your eyes on the Kijun that will be where your bids should be.Comment
Shorting WAS bad* sorry.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.