It can be manipulating. Potential bearish trend next month
Hello, traders!
The price came quite quickly and I decided to update my trading plan for the near future.
Lets try to predict this market!
We made a great profit if we bought btc as I described 20 days ago in my idea.
So we broke our resistance level 8200-8000 and reached 8500$.
This levels will be a first support for long structure and where we can catch a potential short at retest of this levels.
Now we have very strong bullish structure but as I said "it can be manipulating" and the current prehalvening pump is just a set of shorts for big money.
We have trend line from last high 10484 there we saw a big drop, this trend line can serve as a possible fractal that we can consider for the short scenario.
Also, my "Loki" algosystem has started collecting short positions, with targets 6500/6400$ .
This is about +-300-2000 points from the current price btc .
So far, I will not open the short now, I will wait for the closing of this day, look at the reaction of the level of 8500, if the price come higher I will look at 9150-9500$ . Then I will start looking for short position.
For my opinion a new bearish trend at btc may come with targets of 6,500-5700$ price by may 15th.
but in June the trend will turn bullish again.
The price came quite quickly and I decided to update my trading plan for the near future.
Lets try to predict this market!
We made a great profit if we bought btc as I described 20 days ago in my idea.
So we broke our resistance level 8200-8000 and reached 8500$.
This levels will be a first support for long structure and where we can catch a potential short at retest of this levels.
Now we have very strong bullish structure but as I said "it can be manipulating" and the current prehalvening pump is just a set of shorts for big money.
We have trend line from last high 10484 there we saw a big drop, this trend line can serve as a possible fractal that we can consider for the short scenario.
Also, my "Loki" algosystem has started collecting short positions, with targets 6500/6400$ .
This is about +-300-2000 points from the current price btc .
So far, I will not open the short now, I will wait for the closing of this day, look at the reaction of the level of 8500, if the price come higher I will look at 9150-9500$ . Then I will start looking for short position.
For my opinion a new bearish trend at btc may come with targets of 6,500-5700$ price by may 15th.
but in June the trend will turn bullish again.
Comment:
its begin
Trade active
