This is the first time I've ever published something here, and I by no means consider myself an expert trader. However, I've learnt so much from many of the other smart people on here that I thought I might help contribute in some small way...
From what I can see, BTC is still on the rise, coming down to test previous lines of resistance before moving up to the next level.
Also, if you check the RSI on the daily, it still hasn't gone into oversold territory. From what I've noticed, usually whenever there's a local rally, the RSI goes into oversold before a major correction. Personally, I'm waiting it out and when it's oversold on the daily, then I'll sell and short maybe. Not sure where this will be, but I'm guessing around $8K as many others have predicted.
Let me know what you think :)
And thanks again to all those awesome traders out there who give up their time to teach others!
From what I can see, BTC is still on the rise, coming down to test previous lines of resistance before moving up to the next level.
Also, if you check the RSI on the daily, it still hasn't gone into oversold territory. From what I've noticed, usually whenever there's a local rally, the RSI goes into oversold before a major correction. Personally, I'm waiting it out and when it's oversold on the daily, then I'll sell and short maybe. Not sure where this will be, but I'm guessing around $8K as many others have predicted.
Let me know what you think :)
And thanks again to all those awesome traders out there who give up their time to teach others!