We have entered an interesting situation in
BTCUSD
with the price breaking above the double top dotted line resistance.
This leaves us in an oversold state, which I see bringing the price down FAST shortly.
I have entered a long position, which I intend to sell at 8,7XX, and then I intend to enter a short position upon confirmation downward.
Looking at technical indicators, RSI is VERY oversold above 70, Stoch RSI looks to go down in coordination with RSI downward breakout, and there is a Bearish MACD cross.
Best of luck in the next couple days!
BTCUSD
with the price breaking above the double top dotted line resistance. This leaves us in an oversold state, which I see bringing the price down FAST shortly.
I have entered a long position, which I intend to sell at 8,7XX, and then I intend to enter a short position upon confirmation downward.
Looking at technical indicators, RSI is VERY oversold above 70, Stoch RSI looks to go down in coordination with RSI downward breakout, and there is a Bearish MACD cross.
Best of luck in the next couple days!