VHTChannel

Short signal XBT/USD - Need to correction before bull-running

BITMEX:XBTUSD.P   Bitcoin
Chikou Span (at the red arrow) is in Ichimoku cloud right now, so BTC is not yet breakout successful. 8500 is really a very strong resistance level, and in history BTC can't get over without correction at this level (this doesn't mean history is always true). But we need to see BTC make a correction at this level before bull-running. Because, if BTC get over this level without correction, it will make a F.O.M.O signal and money will be flow in this market too fast, this will put BTC in loss-control mode, this is really not the thing Sharks want to.
So, Short at 8500 with under 20% of your budget and keep stop-loss at 8650.
Hope this analytics will help you successful

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