Hello everyone
The current Ta might be quite obvious and simple... looking at the chart, lines and TA.
On the otherhand RSI is quite high and we have seen many green candles before any decent correction.
Still I go with the obvious one for now.
I think this correction will come soon... but not yet.
Thinking as a whale, 50k+ might be a great zone to kill some people fomo'ing in. Probably around the 51500+ area. I would give a short a decent "wick" protection, considering a fake-out upwards. I'd use psychological resistance 55k for this.
Anyway, my analysis is bullish short term. Bearish short/midterm
Bullish after this correction to hopefully 38-40k :-)
Fib 0.618 lines up perfectly.
The current Ta might be quite obvious and simple... looking at the chart, lines and TA.
On the otherhand RSI is quite high and we have seen many green candles before any decent correction.
Still I go with the obvious one for now.
I think this correction will come soon... but not yet.
Thinking as a whale, 50k+ might be a great zone to kill some people fomo'ing in. Probably around the 51500+ area. I would give a short a decent "wick" protection, considering a fake-out upwards. I'd use psychological resistance 55k for this.
Anyway, my analysis is bullish short term. Bearish short/midterm
Bullish after this correction to hopefully 38-40k :-)
Fib 0.618 lines up perfectly.
