BTC has been on a bull run for the past few months. That candle from 9.4k utterly destroyed any bull hopes i had left.
Currently the 4h has tested the 8.2k resistance which has held well.
The weekly RSI 50 level currently stands broken. If the trend is strong it oughta continue much lower without testing 9.4k again.
Short 8.2k , manage trade on lower time frames for a bit till btc puts some distance from this level.
Currently the 4h has tested the 8.2k resistance which has held well.
The weekly RSI 50 level currently stands broken. If the trend is strong it oughta continue much lower without testing 9.4k again.
Short 8.2k , manage trade on lower time frames for a bit till btc puts some distance from this level.
Nota
A 4h candle closing above 8.3k would invalidate trade idea on the short term, But on the long term candles need to start going above 9.4k. So manage trade at 8.2k-8.3k area.Nota
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Also note that the 4h RSI has some sort of bullish divergence going, so don't be surprised by a rally. Thats why its wise to manage risk at 8.2k based on a 4h candle close at that level. If the 4h takes out 9.4k area, Then this SHORT idea is invalidated. Till then, Look for opportunities to short. Of course this entire idea is written with the assumption btc closes the weekly below 8.2k.Nota
Temporarily out of short, Waiting to see where this 4h closes.Nota
Trade idea cancelled close above resistance, price is going higher, current price as i write this is 8285Ordem cancelada
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Not ruling this out a fakeout tbf, If price closes below 8.2k again i might go short, but for now out of all trades.Nota
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u cud risk a long here. but i am not longing this market at all till it goes above 9.5Trade ativo
Not impressed with this break out to be frank. Re-entering short based on the daily close.Nota
Re entered short at 8270. will manage based on the above idea,(last 4h candle close, and the daily close.)Trade fechado: stop atingido
out of trade 8250 for now..Waiting for daily close before entering any position.Nota
Most important daily level atm. 
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