I redraw my last analysis by zooming inside the critical area. Once the resistance area reach, we have to monitor the eventual pull-back... Critical point : 8390$.
Trade active
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For the moment, no surprise, the BTC evolved as expected. Waiting the pull-back for confirm the situation. Short position will begin below 9000$, not above.
@stratissou Thanks for your analysis! Do you still see BTC dropping? As of right now, it looks like it's rallying. Or do you thinking this can be a bull trap?
stratissou
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@NestorBarajas, Yes, i see the BTC falling again, we are not in a reversal structure on the BTC (not yet), the current pump seems so artificial .... I think it is better to wait before having long position. Buy now is very risky for me ...
NestorBarajas
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@stratissou, I agree! I just don't see the volume there to sustain this rally! I will stay all cash for now. Thanks for the help! :)