AA_THE_SSJ

AA_THE_SSJ Updated 

A pretty simple short trade has come up in my opinion, this breakout from the marked blue consolidation zone has got us above 75 RSI points on the 15m and 1h chart, and as you can see we are far extended above the 15m Kumo Cloud (which consistently acts as a price action magnet) Looking for at least a 1% drop down from USD 9050

AA_THE_SSJ

Possible that we get rejected at this cloud resistance, if so then I expect sideways movement across the bottom of the cloud before further downside. Topping out on RSI also. If we can break into the cloud, we will most likely get rejected by the 50% Fib line which coincides with top of cloud resistance.

AA_THE_SSJ Updated 

Will be overbought on RSI also if we hit top of this cloud around USD 9370, watch out for a quick short opp

AA_THE_SSJ

More likely to bounce off support and test channel high KRAKEN:XBTUSD