Is that the way the TOP Looks like? Are bulls Loosing Momentum?
Welcome to fresh 4hourly analysis dear traders and investors!
Many of you are wondering is it time to short or not ? I would say it's definitely a good moment to enter low leverage short with stop loos at $9852 USD.
I'm short since $9780 USD with stop at $9852 on x10 leverage. Bulls loosing momentum slowly, EMA12 almost crossed 26EMA, previous cross on those MA's lead us to $700 USD drop.
AND IF BULLS FAILL TO HOLD PRICE ABOVE 200 MA, we are going to revisit mid 7Ks area, look at chart and you will see where previous EMA12 and EMA26 cross from above MA200 took bitcoin.
RSI Divergencies still in play, however theres a chance we haven't completed it and still can go to 10k area, but until 10.5k Zone reclaimed, i would look to reduce btc exposure.
Dear readers it important to say that, it IS early Short entry, obviously we are catching the top. There's still no signs of Weakness on bigger TF until price stays above 200 MA $9250-$9350 USD , TREND REMAINS BULLISH. All
mentioned above is early sings, this risk worths reword!
We got a lot of untested liquidity below us, from other hand theres liquidity above as well. From my view, we are in distribution area, and its time for a bumpy ride to accumulation stage!
Appreciate your time! Soon TG channel group launch with consistent updates and fresh market news, stay tuned guys !
Many of you are wondering is it time to short or not ? I would say it's definitely a good moment to enter low leverage short with stop loos at $9852 USD.
I'm short since $9780 USD with stop at $9852 on x10 leverage. Bulls loosing momentum slowly, EMA12 almost crossed 26EMA, previous cross on those MA's lead us to $700 USD drop.
AND IF BULLS FAILL TO HOLD PRICE ABOVE 200 MA, we are going to revisit mid 7Ks area, look at chart and you will see where previous EMA12 and EMA26 cross from above MA200 took bitcoin.
RSI Divergencies still in play, however theres a chance we haven't completed it and still can go to 10k area, but until 10.5k Zone reclaimed, i would look to reduce btc exposure.
Dear readers it important to say that, it IS early Short entry, obviously we are catching the top. There's still no signs of Weakness on bigger TF until price stays above 200 MA $9250-$9350 USD , TREND REMAINS BULLISH. All
mentioned above is early sings, this risk worths reword!
We got a lot of untested liquidity below us, from other hand theres liquidity above as well. From my view, we are in distribution area, and its time for a bumpy ride to accumulation stage!
Appreciate your time! Soon TG channel group launch with consistent updates and fresh market news, stay tuned guys !
Trade closed: stop reached:
Pretty aggressive buying pressure, trailing stop hit. Trade closed.
