Shorts from 12.3K have to be closed carefully now. If we close above 11.9K today we might go as far as 12.8K which would be bad. But if we close around 11.7K or lower, 10.8K would be the target to close the shorts. If 10.8K breaks, it means a bear flag
is in play and we can buy at 8.8K (X times leveraged based on how good your risk management is). Or to be safe just cascade buys at 9.8K, 9.2K and 8.8K as KRAKEN:XBTUSD
might decide to break out of the bear flag
and charge towards 14350. All this should happen in the next 14 to 18 hours. If not we go back to the drawing board again.
May the grace of Hades shine on you!!!
Disclaimer: Do your own research and don't play with your money if you don't understand what I'm talking about!
PS: The idea is SHORT because, I personally believe we hit the top channel of the correction from ATH
and we are still in downtrend and personally look forward to buy KRAKEN:XBTUSD
when it's value reaches 3 digit numbers ;)