Psydseter

BTC 4 hour.. dont fomo inn, wait for confirm

Short
BITFINEX:BTCUSD   Bitcoin
You are now thinking, wow btc are on a bull run, and i most not trade against the trend, but the answer is that this is a good place to sell, before a confirmed breakout.
why you shud sell : Rsi stoch and rsi are overbought on 1 2 3 4 hours and daily. The Ew traders talking about the last 5th BIG wave down. BTC are now hitting the roof on the the trendline,, and it looks like a super big descending triangel that have a bigger % to go down.

why you shud not sell : weekly rsi and stock are still on a bull run , and btc can still have a small wave up before a retracment. if we break this roof trendline, btc are gonna get a great support on 7800-8000

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.