HCH: neck line in 3700 to test... if it break down, the objective is 2700
...but the real problem, the relation is down EMA9 and making a validation of the new down trend
The RSI test the bearish TL and recognice it... that sucks if you are bullish
And no bullish divergencies in RSI or macd
strategy:
Be out of this relation... out of btc too if you can, and enter in str when it break up the bearish trend or the ema9 as you like...
but remember if it is a HCH the pullback objective be will 3700 and objective of the figure will 2700
Play the short with patience and dont be bull for more than few days ever.
...but the real problem, the relation is down EMA9 and making a validation of the new down trend
The RSI test the bearish TL and recognice it... that sucks if you are bullish
And no bullish divergencies in RSI or macd
strategy:
Be out of this relation... out of btc too if you can, and enter in str when it break up the bearish trend or the ema9 as you like...
but remember if it is a HCH the pullback objective be will 3700 and objective of the figure will 2700
Play the short with patience and dont be bull for more than few days ever.
Trade closed: stop reached