BTC - Correction Levels from 12k

5 août 2020

BTC forming a possible TOP at 12k. Confirmation still needed, but if this is the TOP i would watch the displayed levels to get a good LONG entry only with SIgnal. The ongoing action is pointing to a corrective move, but this can change fast if certain levels get broken. I would only short when the resistance gets confirmed by a strong rejection, the levels to watch are 11700$ and 11800-11900$. As SPX seems also heading to a possible TOP, it would be no surprise if crypto Market gets a correction too. Only the fact that many many many LONGS opened since BTC broke 9500$ would not surprise to see a wick downthere to liquidate all these LONGS at least.

This is no financial advise, only my idea !

P.s. Indicator usesd = DGR (from C-T, u find in scripts)

6 août 2020

Note

6 août 2020

Note

watch for purple box if we get strong reject, current high should not be broken anymore for bears