pwoody19

Bitcoin-short term dip?

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BITMEX:XBTUSD.P   Bitcoin
RSI, MACD and Fisher are pointing to a correction. I marked an estimated trading channel since early Jan and these are decent short/long points. If you missed the long from a few hours ago there is good chance there is ST dip. Im entering short 8800 (binance futures price) with stop at 8900 and waiting for the correction. If it breaks 8900 then bulls in charge short term and need to reevaluate.

Id feel real good going long 8350 if it dipped that low- depending on red candle velocity. If this materializes I would do a TA reassessment before hitting the long button. If it corrects and stabilizes that low then an additional correction could happen into the 7000's.

yee haaa.

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