Hello, as you can see on the chart BTC broke the 10k area kind of weird in my opinion after 3 months of consolidation it just went from the bottom of the range straight up to 11k in a straight line without a normal grind and a consolidation at resistance and eventually to 12.4k.
-With clear bullish exhaustion as we can see on RSI bearish divergence the price of btc now is correcting and i do expect a deeper correction into 9.5k-9k area.
-For a short trade you should wait for a retest of 11k area and look at the price action before going short, from the retest of the broken support
-CryptonikLion
-With clear bullish exhaustion as we can see on RSI bearish divergence the price of btc now is correcting and i do expect a deeper correction into 9.5k-9k area.
-For a short trade you should wait for a retest of 11k area and look at the price action before going short, from the retest of the broken support
-CryptonikLion
Comment:
As support i consider 9.2k-9k area