Short till green lines and the open long once it bounces from any of the green line
BTC has been following this uptrend line since 6000 and its holding up pretty good. Also CBOE is net long and most people are shorting BTC like crazy and this is going to build a good liquidation which means more gas to go up. As i marked CBOE futures are closing at 19th of September if they don't change their position before expiration (which seems they are not...
Logic say btc is going to test levels above 7130 but then what have logic got to do with crypto space?
I think neo will follow btc for now and might fail to hold current levels if we see btc dipping back to 600 levels. Opening a long with green lines as primary targets.
I will resses the situation once it completes the cycle and will look to open a long from green line. For now its a no trade zone for me
I CLOSED MY SHORT AND NOW WOULD BE LOOKING FOR THE OPPORTUNITIES AS PER THE TREND.
Time to short this pair as it will retract in coming week after the massive move it saw last week.