BTC is totally overbought, small pullback incoming and up again!
Hi guys,
I am busy with. just a short trading idea with technical indicators this time, short idea literally!
BTC is totally due for a small pullback, it went up so much again.
RSI and other indicators say now: Overbought, many indicators traders will go short now probably, use a safe stop loss and early take profit, the uptrend is going on still, just a small pullback is expected now, enjoy the drop but close your short early when in profit!
Joke for you: Google "trump fake tweet" and enjoy.
I am busy with. just a short trading idea with technical indicators this time, short idea literally!
BTC is totally due for a small pullback, it went up so much again.
RSI and other indicators say now: Overbought, many indicators traders will go short now probably, use a safe stop loss and early take profit, the uptrend is going on still, just a small pullback is expected now, enjoy the drop but close your short early when in profit!
Joke for you: Google "trump fake tweet" and enjoy.
Comment:
Important update: The red arrow I drew just shows price will go down, I does say it will go down to a specific level, I just expect a unknown small pullback.
Comment:
Let me know your thoughts as a comment below: How will the BTC price continue to move? Up or down and why?
Trade closed manually:
Update: Here goes your drop, now take profits and call the trade over, don't get greedy as the uptrend might continue again and it will go up again soon.