in my previous analysis i thought that we are in a rising wedge and actually we broke down of it but volume was not big and i changed my mind. so i draw a channel where you can make beautiful trades and actually we broke out of it few hours ago but still volume is not enough and i think we are going straight back to the channel.
so what we should do is waiting until we see a drop like last time we did, then forming a bear flag and shorting it in a fib level on a high leveraged position. i will inform you when to play this short.
but if we see high volume bigger than volume we had in the consolidation phase i expect bitcoin to go to 6000 usd. but again in that case i rather short bitcoin on 6000 level. it would be a good trade. to be bullish i prefer to see a big drop and then playing a high leveraged long position on that corrective move.
stay tuned
stare at char
be ready
find me on telegram: @farzinsabbagh
so what we should do is waiting until we see a drop like last time we did, then forming a bear flag and shorting it in a fib level on a high leveraged position. i will inform you when to play this short.
but if we see high volume bigger than volume we had in the consolidation phase i expect bitcoin to go to 6000 usd. but again in that case i rather short bitcoin on 6000 level. it would be a good trade. to be bullish i prefer to see a big drop and then playing a high leveraged long position on that corrective move.
stay tuned
stare at char
be ready
find me on telegram: @farzinsabbagh