pmktyn

Sunday thoughts

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hey fellas!
I would like to share with you my expectations of BTC movement for Sunday and Monday.

This week was rather hot for guys who are playing mostly on the bear side. As for me, this was connected with BTC overbought and dance around kind strong resistance level.

What I currently see is that we can expect for a positive in upcoming 2+ days. Currently head of an H&S pattern is forming, so I believe in a good opportunity for a daily gambling. Shortly about indicators, Stoch RSI is positive, a bit above the buying zone, HUGE bullish divergence on MACD.

To sum up, last week drop was painful for everyone who holds BTC, guys who wanna fix profits and bought at bottoms already took their profits and they are not interested to push the price down again.

To sum up, I expect for a growth for an upcoming week. Currently, Stoch RSI on 4H and 1D are positive and gives the cue that profits are coming.

PLS, note that I expect for this kind of movement if only H&S will keep forming.

Don't forget to set stop, stop will save your money.



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