• Updated Fibonacci level to recent top 35984
1. RSI Bear Divergence appeared on Daily time frame
2. MACD Bear Divergence also showed up on Daily time frame, currently print the first red hologram after about 20-days green. Compared to July-Aug price action, BTC may still test a higher range but a short above mid-35k is ideal
3. MACD Bear Divergence appeared. MACD crossed signal line. last time when both RSI and MACD turn bearish, price "corrected" i.e dropped for +1months
Hence, this is a short set up for me
1. Sell as high above 35.5k as possible (potentially wait for Powell talk to short the price pump i.e. recently market takes Powell talk positively)
2. Stop loss at 5% and target 0.382 level at 32.5k (ideally short at close to 36 at possible to lift stop level at close to 38k at possible) -> if this set up works, this can be a trade for the next month, we don’t want to be stopped out by tail
p/s I released on Monday (a day late) as I was travelling and did not have access to my system
1. RSI Bear Divergence appeared on Daily time frame
2. MACD Bear Divergence also showed up on Daily time frame, currently print the first red hologram after about 20-days green. Compared to July-Aug price action, BTC may still test a higher range but a short above mid-35k is ideal
3. MACD Bear Divergence appeared. MACD crossed signal line. last time when both RSI and MACD turn bearish, price "corrected" i.e dropped for +1months
Hence, this is a short set up for me
1. Sell as high above 35.5k as possible (potentially wait for Powell talk to short the price pump i.e. recently market takes Powell talk positively)
2. Stop loss at 5% and target 0.382 level at 32.5k (ideally short at close to 36 at possible to lift stop level at close to 38k at possible) -> if this set up works, this can be a trade for the next month, we don’t want to be stopped out by tail
p/s I released on Monday (a day late) as I was travelling and did not have access to my system
Check my other post for entry