BTCUSD Perspective. Is TOP Near? Small ATH's. BULLS are weakning
Hi all-
Again a great rally but not much as anyone would expect from BTC. ATH breakouts are becoming smaller and smaller and this is where for a next short term time i plan on gradually adding more /shorting BTC. i just opened short at 6425, definitely you could get a good price than that for short but i will gradually add more short as and if it moves up in the channel but trust me you won't realize and have time when actual big short will happen and FOMOing people will sell.
On a 1D TF market is loosing momentum but because of few good news price is again driving up creating a huge divergence on RSI and OBV.
Also based on Elliot wave- we could be in 5th wave which could extend upto 6868.
Near short term target should be 5.5-5.7k.
Questions are welcome
Again a great rally but not much as anyone would expect from BTC. ATH breakouts are becoming smaller and smaller and this is where for a next short term time i plan on gradually adding more /shorting BTC. i just opened short at 6425, definitely you could get a good price than that for short but i will gradually add more short as and if it moves up in the channel but trust me you won't realize and have time when actual big short will happen and FOMOing people will sell.
On a 1D TF market is loosing momentum but because of few good news price is again driving up creating a huge divergence on RSI and OBV.
Also based on Elliot wave- we could be in 5th wave which could extend upto 6868.
Near short term target should be 5.5-5.7k.
Questions are welcome
Comment:
Short term channel to follow- 6.6 k is certainly a possibility
Comment:
if this goes up to 6888 and corrects from there, CLIFF HIGH Is your NEW GOD!