Here is what i'm looking for and there is every other signal to short. However, As BTC coupled with SPX these days, might have to watch out.
*** This is my idea and for my own analysis. People are welcome to use it as education
This will be market maker profile. There was clear swing high on h12 which took the highs and swept local low. This needs to retrace and test previous breakers in order to move upwards.
People are indeed calling 6k, 5k, and 3k. Let’s not go there yet and take level by level. Targets are marked by the flag and set SL as necessary. There could be a retrace up to...
Lot of people are ready for short and are in short. Black bold line is the daily resistance and close above 7513 looks positive for our 7800 range and 8k. It broke out the descending wedge and following our H&S pattern.
Broke 7140 support on the upside. Looking bullish to move towards 8k possibilities as it’s a failing wedge. Go with smaller positions as it price falls
*** Any of my ideas are only To be considered for educational purpose and not a market strategy or advise ***
7140~ was the strong support as you see from the volume. It's been broken now and we have approx 90 to close the daily candle. with that said, 6900 range is the previous breaker and its been tested, hope it holds for a small pump to touch 7140 back (if broken we might see 8K), but i highly doubt. As you also see, RSI is in a raising wedge and is now deviating downwards.