Kerstin_Ohlsson

Welcome to our fire playing party on a $10.5K floor!

KRAKEN:XBTUSD   XBT / USD
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119
Happy August Friday! As we assumed yesterday the pivot $10.2K level couldn't help seducing the bullish community. However, it was taken in a rising bearish pressure and now we can see not only price weakness above that $10.2K but already formed so called "bull trap in a trap"! What is perhaps only missing - a final desperate jerk up to $10.8K. So despite Friday, dear ladies and gentlemen, be on the alert and ready to take profits in either way from the sweet $10.5K level. A very good week-end to you!


Kerstin Ohlsson
Xena Exchange Swinger

Comments

I don’t agree that drawing a line straight down to lower support levels represents strong analysis.. however, with that said...will you marry me?
+2 Reply
Synd :D
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I dont agree too !
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Hellow Kerstin, nice chart and analys. I am also more or less inline with your view but don't think the downward channel is that aggressive. Please take a look at my chart and let me know what you think.

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Good idea! I think the same. Thanks
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what a nice chart!
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Great Analysis!
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I agree. Weekly Bollinger bands and 200 SMA indicate similar.
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Nice job, got the similar idea, and targets towards 7800
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