We broke out form inverse head and shoulder and now we are forming a rising wedge, we are likely to top out in the head and shoulder target at (13250 - 13700) and head down to rising wedge target at ( 11100 - 11500 ) which is also the 0.618 Golden fibonacci retracement level .
These 2 Lines are very important to watch as breaking any of them will result big moves, These 2 lines have been strong support and resistance in the past few months and I have been using them to long and short !.
It seems like we are again repeating previous move ! We might go down to target within next few hours if not imminent .
I think you all noticed the the similarities that BTCUSD keep doing in the past month, I have trading and taking advantage based on those similarities and I will keep doing until BTCUSD stop doing them again and again ! .
We are in a tightening range, getting supported buy the 200 MA and resisted buy the 200 EMA. These lines are worth watching in coming weeks and months. Breaking any of these lines may trigger a big moves !
I have noticed the similarities that BTC is doing on 15 Jan and still I am longing and shorting accordingly with big leverage with stop losses of course !
This kinda similarities don't happen always so we must take advantage of them , I am happy and did so and congrats to whoever followed this and made good profits.
This similarities wont keep going forever...
3 Reasons why I am short on BTC right now are :
1- we never got higher high since we went up to around 20K , and until I see higher high I will still be bearish .
2- Last 2 times we touch support in BTCUSDTSHORTS we got selloffs .
3- Almost every time we got cross on Stoch RSI we followed buy selloff .
At the end no mater how I flip chart and try as much as...
I have noticed that we are replicating BTC previous moves on 16 Jan and been trading accordingly, It worked well until now and I will keep trading this way until we see BTC decide to disagree with us here !.
Next targets is we go sideways for a while the drop to around 3440 and make mini triangle there. until then lets just see how far this will go ! .