BTCUSDT : the drunk elephant

hi all,

once again BTC is moving after ranging for so long. But for how long,

Well nobody knows. But here it is presenting a trade setup for the short in coming weeks.

at the moment RSI is above 50, MACD is bullish. BTCUSDT broke out of 2700 USDT resistance mark and to remain bullish (technically) it needs to sustain the price move above 27000.

therefore, looking at the historical October performance and bullish RSI & MACD it looks like that it is going to test the next resistance at 30000 (Also a round number with psychological importance).

Therefore, I am looking to make a short with two entries one at 29500 USDT and second at 31000 USDT.

well, for the moment looking forward to enjoy uptober and some short term bullishness across the market before the final fall (hopefully).

see you guys on other side.

註釋