Btc reached $7800 which was the final target for inverse head and shoulders pattern we had. It got rejected fast from it and came back right on the downtrend line and the top of the parallel channel. RSI is slightly overbought. I will take a risky short position at $7760 with very tight stop loss of $7800.
Target : $7450
Target : $7450
Comment:
BTC still trying to break the downtrend line. It touched it again but got rejected. Trade still active.
Trade active:
Stop loss triggered but entered another short at $7950.
Target $7500. RSI is getting high on 1h and 4h, MACD shows early signs on divergence.
In general, I should have waited for confirmation, but I rushed for no reason.
Target $7500. RSI is getting high on 1h and 4h, MACD shows early signs on divergence.
In general, I should have waited for confirmation, but I rushed for no reason.