Okay guys if yall have been following me you have seen ive been long sinc $7545 and i took some icing off the cake at 8.8k, and will be buying back once we have this retrace to either 8450-8500 or back to test our broken resistance which should now be support of 8250. i think we will go to 8.2k to reset our indicators but wont be surprised if we touch 8.5k and start heading towards high 9ks from there. once we get up there i will be opening a short position depending where our weekly RSI is at that point.
For now we have a nice shooting star forming on the 6hr time frame, and are getting ready to do some bearish cross overs on the macd on smaller time frames. This is a perfect chance to go long at support and enter a low risk high reward trade.
Be patient wait for the retracement and let the trade come to you, don't chase the trade.
hope my TA helps you guys some, best of luck!
For now we have a nice shooting star forming on the 6hr time frame, and are getting ready to do some bearish cross overs on the macd on smaller time frames. This is a perfect chance to go long at support and enter a low risk high reward trade.
Be patient wait for the retracement and let the trade come to you, don't chase the trade.
hope my TA helps you guys some, best of luck!