Skyito

BTCUSD be extra cautious

BITSTAMP:BTCUSD   Bitcoin
For the past 2 posts, I have warned everyone to be cautious, chartwise look very bullish but many indicators are showing a reversal back down, so its 50-50% chance.

Especially when I look at the 3-week chart, wave trend oscillators warning is very accurate for the past 4 cycles, wave trend in 3-week chart is showing some hints that it wanted to cross down. Normally these 3 weeks chart wave trend oscillator cross down will be about 30 to 50%.

Of course, I am also in fomo bullish mode on some of the altcoins, so what I do is, I spend just 15% of my cash on spot altcoins and then 80% of stablecoins in staked for 3 months.

No matter how bullish on the look of the price action or chat, I will still respect some of the best and most accurate indicators that can predict the top and bottom.

Be cautious guy, I also plan to short the market with very low leverage as a bet after 3 weekly candle closes on Monday. cheers! Don't be greedy and always have a backup plan.


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