Actually, no. Don't. Have patience and exercise discipline. We have had a very good run and we made a really nice return already on the way up from BTC 4.5k. Right now is NOT the time to be overzealous. In fact, if BTC can't push above this 8300 level, it will make a perfect short. Be wary, shorting BTC in market that is pumping can be dangerous. I mean it always is, but we could get a higher shoulder. You can use a tight stop above 8500 and have a 6:1 risk to reward ratio or more liberal stop above 9k for roughly a 2:1 risk to reward ratio. Use caution and keep an eye on it. If you aren't shorting it, just stay on the sidelines and wait for the pull back to go long.
the first thing to realize is that everything is pumping right now because of LTC. I don't think the full fomo, moon type scenario is playing out yet. We still have some time for that to develop. We have one coin pumping bringing everything else up with it. As soon as that party is over, we'll be heading down.
If this Head and shoulders pattern finishes forming, we still have about a week give or take for it to finish forming up. If the pattern holds, we'll be heading down in a big way. It's possible we go down to just above 5.5k and that's where we will target to go long. This will bring down ETH, LTC, etc...
Best of luck,
-Sherem
the first thing to realize is that everything is pumping right now because of LTC. I don't think the full fomo, moon type scenario is playing out yet. We still have some time for that to develop. We have one coin pumping bringing everything else up with it. As soon as that party is over, we'll be heading down.
If this Head and shoulders pattern finishes forming, we still have about a week give or take for it to finish forming up. If the pattern holds, we'll be heading down in a big way. It's possible we go down to just above 5.5k and that's where we will target to go long. This will bring down ETH, LTC, etc...
Best of luck,
-Sherem
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previous idea: 
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and btw's, smash dat like button please!Note
For anyone wondering about past posts, check them out:
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We're at this 8,300 level. If it doesn't push through here and we get a nice pullback the head and shoulders pattern for a push down will become more valid. Keep an eye out on this area here for what it does.Note
Still divergent RSI on the daily chart with this push up. Is it confirming the divergence or just gearing up for a larger move? Hmm... Either way, if you are short, you should be really light in your short.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.