Leon_G

BTC - Correction Levels from 12k

Leon_G Updated   
COINBASE:BTCUSD   Bitcoin
BTC forming a possible TOP at 12k. Confirmation still needed, but if this is the TOP i would watch the displayed levels to get a good LONG entry only with SIgnal. The ongoing action is pointing to a corrective move, but this can change fast if certain levels get broken. I would only short when the resistance gets confirmed by a strong rejection, the levels to watch are 11700$ and 11800-11900$. As SPX seems also heading to a possible TOP, it would be no surprise if crypto Market gets a correction too. Only the fact that many many many LONGS opened since BTC broke 9500$ would not surprise to see a wick downthere to liquidate all these LONGS at least.

This is no financial advise, only my idea !

P.s. Indicator usesd = DGR (from C-T, u find in scripts)
Comment:
Comment:
watch for purple box if we get strong reject, current high should not be broken anymore for bears

What is DGR ?
www.youtube.com/watch?v=rGPdwhJmJhg&feature=youtu.be

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no financial advise ! u trade at own risk !
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