Hello everyone i want share my idea about BTCUSDT.
last couple week we see bitcoin going and going higher but i think its time to see some correction of the price. after strong up movement we see trend going still higher but not strong, i think that movement is not strong as last 2 week which need correction for active new buyers.
What i am looking for my short position, last week we saw some aggressive sell but then we got strong reaction from buyers which pumped to near this month high then it got rejection from sellers but buyers catch price and its going slower up, i think it will continue first upside movement we will get some liquidity swing which will be signal for sellers and they take will take control or we will not have liquidity swing it will brake this upside trendline and slowly it will come down.
If price action will not make some strong buyside liquidity i will not open my short position and wait reaction from buyers at support LVL which i have marked at 33000 and 31000. But also we have some interesting movement at USDT dominance which fall to weekly support broke it and price start consolidate below that weekly support, we didn't get some strong push from buyers, if USDT Dominance will start push high my i will short not only bitcoin, i will short crypto market.
Here is 3 scene of price movement what i expect in next 2 week.
BE PATIENT!!! ALWAYS MAKE YOUR OWN RESEARCH!!!
last couple week we see bitcoin going and going higher but i think its time to see some correction of the price. after strong up movement we see trend going still higher but not strong, i think that movement is not strong as last 2 week which need correction for active new buyers.
What i am looking for my short position, last week we saw some aggressive sell but then we got strong reaction from buyers which pumped to near this month high then it got rejection from sellers but buyers catch price and its going slower up, i think it will continue first upside movement we will get some liquidity swing which will be signal for sellers and they take will take control or we will not have liquidity swing it will brake this upside trendline and slowly it will come down.
If price action will not make some strong buyside liquidity i will not open my short position and wait reaction from buyers at support LVL which i have marked at 33000 and 31000. But also we have some interesting movement at USDT dominance which fall to weekly support broke it and price start consolidate below that weekly support, we didn't get some strong push from buyers, if USDT Dominance will start push high my i will short not only bitcoin, i will short crypto market.
Here is 3 scene of price movement what i expect in next 2 week.
BE PATIENT!!! ALWAYS MAKE YOUR OWN RESEARCH!!!
Comment:
Its going interesting but i am still looking for identify if that last aggressive sell were start of correction.
Trade active:
I open short!!! ALL OR NOTHINGG!!!
