I am currently waiting for another attempt at the 3500 on
XBTUSD.P
.
my opinion is that we will not break above that and even if we will, It's not going to be for a long time.
We can see that if we look at the latest down swing, we will reach the 0.618 at almost exactly 3500,
from there I will short and keep taking profit along the way down while my main target is 3200 again which is the first downtrend algo traget.
besides that. we can see that we did not break above the ichimoku cloud, and the RSI is really low right now so there might me another push up before we fall down again even though the MACD is reversing, we should wait for more confirmations.
It we will not reach 3500 again, I will short when we break down from this channel I drew.
and as always. small risk for high rewards!
play safe and I'll update when we get our move.
XBTUSD.P
. my opinion is that we will not break above that and even if we will, It's not going to be for a long time.
We can see that if we look at the latest down swing, we will reach the 0.618 at almost exactly 3500,
from there I will short and keep taking profit along the way down while my main target is 3200 again which is the first downtrend algo traget.
besides that. we can see that we did not break above the ichimoku cloud, and the RSI is really low right now so there might me another push up before we fall down again even though the MACD is reversing, we should wait for more confirmations.
It we will not reach 3500 again, I will short when we break down from this channel I drew.
and as always. small risk for high rewards!
play safe and I'll update when we get our move.
Trade closed: target reached:
ladies and gentlemen...
we got em'!
we got em'!
waiting for another clear movement now