BTC/USD correction inc 240min chart

While the Market is in a short uptrend We see here a strong overbought market , if we look deeeper we can see that the Ichomoku 52 days Resistance line was the point where BTC could not pass , so combined the overbought market with a strong resistance i tend to go short

The most Alts are way overbought aswell


My target for shorting is

7200-7400


Another option is that it wil consolidate ina sidetrend on the 38,2% FIB ( 7600)

Comment:

As we see we have a strong support at the Kinjun- Sen (26day)

if it holds we will see a sideway movement , i dont think it is the end of the corr ection

Trade closed: target reached:

so my short target is reached i will go long , i will play my SL under the last Resistance (2%) for the case i am wrong

We see here a clear oversold market , big movement INC