BTC completed correction and will continue to decline
BTC reached upper zone of correction and created a bearish divergence on hourly. Now it is time to resume downward trend and test sub $6k.
Kommentar:
BTC dropped as expected but quickly recovered $100 from $6358. This may be a hunt for longs and btc may run for a higher high. Set stops for your short, which is around $6550 if you followed this chart, and your are ok.
Kommentar:
BTC is not allowed to decline but cannot close above $6.6k as well. This is a sign of weakness. I still keep my short open.
Trade geschlossen: Ziel wurde erreicht:
It took much longer than I expected but TA was good to spot the local top. Set your stops and enjoy the dump.