Btc is at key level decision 28.4k and all i saw is price at high range.
Matic is at high range
Deviation from high range
Entry short if deviation confirm and price get back in range. This will confirm 70% that maker want to continue playing in range.
Invalidation of this when price make lower high above range high and continue make higher high.
Basis for this short
1. Macro seems like shit in coming months especially Q3 Q4
2. Tightening of credit facilities, its going to be hard to get new money
3. Recession looming and this going to be the first time ever btc going thru recession. We want to see how btc react in that period.
4. On a higher time frame price still in range.
Matic is at high range
Deviation from high range
Entry short if deviation confirm and price get back in range. This will confirm 70% that maker want to continue playing in range.
Invalidation of this when price make lower high above range high and continue make higher high.
Basis for this short
1. Macro seems like shit in coming months especially Q3 Q4
2. Tightening of credit facilities, its going to be hard to get new money
3. Recession looming and this going to be the first time ever btc going thru recession. We want to see how btc react in that period.
4. On a higher time frame price still in range.
Comment:
Isnt lovely how price move after reacting at higher range