Hello hello, Short-term hopefully not weather forecasting here guys. RSI and STOCH trending high atm. We should reach MA 20 @ $6,720 level and bounce back to hit the newly established uptrend support forming either a double bottom or a lower high. Regaining strength at that level and then pushing through the 20 MA giving us a signal that we would also break the descending main trendline unless at that point of time they coincide at the same point like the previous high had lots of resistance. Aggressive trade: Short: $6,720 when we reach 20 MA Stop loss: $7,100 if we breach 20 MA and trendline Close: $6,270 switch to long but check again if we are to go further down Safer trade: wait out the zig-zags short-term and enter only when Long upon break of 20 MA and trendline at > $ 6,950 given a 4h candle close. Stop loss: $ 6,650 Cheerios !
I'll be short and straight. When someone rich starts the party, they do leave party first before the party ends. All you hear is music going more and more quite. In BTC market TA is tricky business, you never know where it will go next day. All you have is intuition and experience. This time I'm not in the game. Will be watching this bot theatre and sheeps getting slaughtered. I doubt that BTC will cross 6600-6700 Level. I think if it goes up it will go up to 6500 in short period of time, then down we go. It's hard to say will main support area will hold this time (red line). I do not predict that far. Whoever does predict weeks or days in BTC he better became a weather man. Good luck and be careful.