Ok guys as you can see btc is trying to form a H&S and the last target would be in 9k area im not do the trade for now because rsi is respecting to the lines(triangle) and also it failed to break them.
So, if I see a break out of rsi, or I see respecting to right shoulder by price, I will do short by 4h chart idea.
And also if I see a break out of rsi or price in 1h
I will do short !
My target would be 9300, 9100.
10k is still reachable and also we dont have second top for now, it would be 9900~9950, keep your eyes open on market, we are at the bottom of channel.
We are in range again(distribution phase again), and I wont do trade for a few hours and the worst scenario about range is 24 hours for me.
As always as I said before, Please always follow your own thoughts.
If you liked it, please hit the like button, share and write your comments, thanks for reading.
Take care, trade safe
So, if I see a break out of rsi, or I see respecting to right shoulder by price, I will do short by 4h chart idea.
And also if I see a break out of rsi or price in 1h
My target would be 9300, 9100.
10k is still reachable and also we dont have second top for now, it would be 9900~9950, keep your eyes open on market, we are at the bottom of channel.
We are in range again(distribution phase again), and I wont do trade for a few hours and the worst scenario about range is 24 hours for me.
As always as I said before, Please always follow your own thoughts.
If you liked it, please hit the like button, share and write your comments, thanks for reading.
Take care, trade safe