Seems like headandshoulder will come through 33k - 27k then up
So yesterday I gave short signal for BTC in the evening time. I spotted potential head and shoulder formation combined with RSI numbers not adding up into the up movement. I also warned about head and shoulder formation as these are often manipulation and easily also read wrongly and assumed. But now it seems to follow the head and shoulder pattern and also see my prediction on the RSI as well. We should see way lower RSI numbers before we actually start the uptrend.
BTC should go somewhere around 27k. In 33 - 34k I would look into closing some of the short positions and then follow closely whether jump back into shorting. Also in current position following closely that BTC holds the downwards tunnel. 38900 seems to be the highest if the tunnel holds.
Stoploss in 40200 seems like a good idea.
This movement is very healthy for the future of BTC and after we get this shake down done we can actually start moving upwards with clear path ahead towards new ATH numbers.
BTC should go somewhere around 27k. In 33 - 34k I would look into closing some of the short positions and then follow closely whether jump back into shorting. Also in current position following closely that BTC holds the downwards tunnel. 38900 seems to be the highest if the tunnel holds.
Stoploss in 40200 seems like a good idea.
This movement is very healthy for the future of BTC and after we get this shake down done we can actually start moving upwards with clear path ahead towards new ATH numbers.
Trade closed: target reached