Lower highs cooked ... 5200 incoming
Here tracking the next impulsive wave to the downside in BTC . From a wave perspective here we are trading wave 3 of a 5 wave sequence, inside a larger sequence (see attached: "The 2017 highs unlocked") ... if you notice in this retrace wave (wave 2) it has happened with a very empty book ... or in other words there is no real money supporting the move.
Once again we can trade confidence flows, here this is a live example of smart-money letting the unaware continue to "raise the bid" on dreams of early retirement before another hammer . A test of the monthly open at $5,200 is in order.
Best of luck all those on the sell side.
Once again we can trade confidence flows, here this is a live example of smart-money letting the unaware continue to "raise the bid" on dreams of early retirement before another hammer . A test of the monthly open at $5,200 is in order.
Best of luck all those on the sell side.
Note
Note
Tracking closely for signs of a top here Note
A nice reaction at the highs Note
Heads up ... 8k being offered 
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Disclaimer
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.