Short

Short BTCUSD down to 2270

Updated

MACD showing strong discrepancy in favor of selling now on 1hr, 4hr, 12hr, 1d covering all trading time zones on planet earth and the waves are getting faster and smaller around testing the critical 2470 which was the rebound of the smaller peak on 26th of May and the bottom of the last down. I doubt it will hold, MACD is against it with a big M (check 6hr and 12hr MACD charts) + accumulaters from the 1860-2470 rally will panic and sell to lock in some profit. This is testing the last big rally potentially down to 2270-80 (Fib ret). If it breaks through that we are looking at... 2100 then 1860 which would then test the parabolic FOMO rally. Brace for impact.

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Only thing Im wrong about is how fast the correction happened... I thought this would take at least some days...

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I hope you shorted - now we are testing the 2000-2200 last rebounce V and if it breaks throuhg - which MACD 1d is in favor of - then we are looking at some serious correction depth, probably down to 1860

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BTW - there's plenty of rebounce daytrading positions possible now that its going to go crazy volatile testing the different support and resistance. Fib Ret and Elliott waves combined with MACD is your friend to find those levels, already posted here

bernino

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