After touching and rejecting of ma 200 and top line of channel, im ready to see a retest on bottom line ...
As you can see we are in a descending channel and we had rejection of both sides for now ...
But as you can see rsi cant break the resistance ... and its not a good news for bulls ...
Im still in bear side ...
The way I changed my side is breaking the resistance line by rsi(This is possible to see a fake break by rsi and a touch on 9500).
So I recommend you to do short below 9500, to 9100, 9k and 8900
And do long above 9550 to 9700, 9800 and 9850.
If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading.
Take care, trade safe and good luck.
As you can see we are in a descending channel and we had rejection of both sides for now ...
But as you can see rsi cant break the resistance ... and its not a good news for bulls ...
Im still in bear side ...
The way I changed my side is breaking the resistance line by rsi(This is possible to see a fake break by rsi and a touch on 9500).
So I recommend you to do short below 9500, to 9100, 9k and 8900
And do long above 9550 to 9700, 9800 and 9850.
If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading.
Take care, trade safe and good luck.
Note
Im still waiting for a few hours ... to see the reactions to 9400, this is my confirmation of the whole idea! if I see a rejection of it, I will enter as short ...Trade active
Enter short trade, 9500=> 9100 SL: 9650
If we hit and break 9650 it means btc will hit 10k again.
Good luck guys.
Trade closed: stop reached
Rsi broke the resistance lineBut it could be a fake out
Keep your eyes open on chart
Note
Enter long above 9650Note
I still believe in short...Rsi touched over bought
And its time to see over sold
Breaking resistance means its the time to touch and break support line ...
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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.