chris-abc

Mythoughts on BTC Next move, short to 7300

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BITFINEX:BTCUSD   بتكوين
BTCUSD
Using my method of TA we are about to start a new phase once this interval phase is finished. Mt method of TA a new phase always stars downwards, the drop is dependent on where we are in the cycle and which phase its parent phases are on. On this particular phase we are on the up side of its parent so the drop here i am expecting not to be so big and after that we should see some extremely bullish price action. But i just want to call every major move up and down one at a time. So here i have been short since 8400, i had planned to get in at 8500 but it briefly hit 8500 while i slept.
So this TA i am sure of enough to be making a trade on and i have gone short myself here.
If we reach 8600 the trade is no longer valid

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