Chart is i believe self explanatory. i think we were in wave B and it is about to End. Wave C will be longest Bear wave.
Targets are mentioned on chart.
This might be risky for few traders but i am willing to take this risk . I am short from 5950 and i will only close this short at new ATH .
I know alot of people have again jumped in thinking it will reach back again to 7k. well it could but it has to 1st reach last new ATH .
if you follow history- we are in a yellow zone. see what has happened in past.
Let's see how this goes.
Just to again make it clear=THIS IS RISKY AND DON'T BLAME ME IF THIS DOESN'T WORK OUT .
look for that yellow zone bounce
You can put your stop loss to 5930 now and you won't lose anything now.
Take some proft at 5.5 k. wait for a small retracement back up and then again short that .
Main short target is 4.95k and if that breaks. 4.2k
Hope you guys got this trade
I not risking money and going long or short as no clear evidence /indication of either way.
will update this if something looks promising.
price looks like consolidating. No bearish signs but looks tempting to short at this high level
Just trade according to the breakout of either lines.
The only thing to pay attention here is that the new ATH wasn't too big which is a small sign that bulls are weakening.
+ 14 days from fork. in past we have seen new ATH before 2 weeks of fork. This might be it but this futures news are very bullish. Tho it could get denied but huge pile of $$$$$$$$$$$$ is going to come now into crypto and BTC