BE CAREFUL !!! BITCOIN is WAY to extended on the weekly
guys we had a beautiful run and made a killing the last few weeks,
but looking at the weekly chart, we can see that we are wayyy way to extended,
no matter the trend, long or shirt we need a pull back,
on my indicator we will soon have a buy signal, but the buy signal is only if we break previous pivot,
i dont see us breaking 10517 without a pull back,
if we dont have a pullback soon and keep going up, the next pullback is going to be a nasty one,
no matter what you say we are definitely forming a descending triangle or we can argue that we are still in a downward channel until we break the upper trend line to change the weekly trend,
keep in mind we are looking at the weekly Chanel and mark my word we will see a pull back, protect your positions specially if you have high leverage,
will definitely be playing the short as soon as the opportunity present itself
be safe traders
but looking at the weekly chart, we can see that we are wayyy way to extended,
no matter the trend, long or shirt we need a pull back,
on my indicator we will soon have a buy signal, but the buy signal is only if we break previous pivot,
i dont see us breaking 10517 without a pull back,
if we dont have a pullback soon and keep going up, the next pullback is going to be a nasty one,
no matter what you say we are definitely forming a descending triangle or we can argue that we are still in a downward channel until we break the upper trend line to change the weekly trend,
keep in mind we are looking at the weekly Chanel and mark my word we will see a pull back, protect your positions specially if you have high leverage,
will definitely be playing the short as soon as the opportunity present itself
be safe traders