BTC update. Which point will become the LSPY?

2019年6月6日

The correction of a dump is formed like a wedge with a wing, usually this pattern provokes upward BC impulse, giving us a buy signal. However, with the knowledge that we are in a dump phase, it's wise to think about short position. Let's take a look at resistance levels, each one can become a zone of the last point of supply (LPSY). Long story short, each of them is distinguished by its strength, means that from $8300 I would definitely open the maximum short position, and from $8000 I would sell 20-30% of it.

Targets of the downward movement are two strong levels: $7400 and $6800. The gap between them is actually one large support zone. I believe that it can become an accumulation zone.

If you found this idea interesting, do not forget to Like it and subscribe to the profile, so as not to miss our updates!

2019年6月6日

註釋