BTC POSSIBLE PULLBACK
Updated
Hey Traders,
As I mentioned in my previous post this level that we are now is very significant. There is plenty of confluences - fibo clusters + weekly resistance + RSI bearish divergence. Although we have got some overshot yesterday now it looks like a possible bearish OB is just about to be printed - still few hours left to close the bar. Moreover look at the yesterdays volume - it is extremely high. Big boys are in the game!
You can either short it once we get that bearish OB confirmation tonight or wait for a pullback to at least 10K- consider long if there is a bullish price action + high volume.
Good luck guys!
TRADE WHAT YOU SEE NOT WHAT YOU THINK!
As I mentioned in my previous post this level that we are now is very significant. There is plenty of confluences - fibo clusters + weekly resistance + RSI bearish divergence. Although we have got some overshot yesterday now it looks like a possible bearish OB is just about to be printed - still few hours left to close the bar. Moreover look at the yesterdays volume - it is extremely high. Big boys are in the game!
You can either short it once we get that bearish OB confirmation tonight or wait for a pullback to at least 10K- consider long if there is a bullish price action + high volume.
Good luck guys!
TRADE WHAT YOU SEE NOT WHAT YOU THINK!
Note
Double top neck retest and short would apply here. My area of interest is 12300-ish Let's see how they play this one out!
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