Very strong and realistic view w/o any hopes.
Hello
Here i see few intresting intermediate moves, i think we cant break upside right now, just because not enough bulls trapped yet. Too many ppls also longing on okc futures, thats cant cause rise
So, im waiting for trap first before i can go long.
About downtrend move - RSI modelation succesfully was tested on spring and summer downtrend, i think its resonable to wait panic again. Here also pretty low liquidity, if bulls wants stay at 300+ forever - we should have VERY strong orderbook.
Notice also 270 range is too dangerous, below 270 could be flash-crash as in summer, watchout
Good luck
Here i see few intresting intermediate moves, i think we cant break upside right now, just because not enough bulls trapped yet. Too many ppls also longing on okc futures, thats cant cause rise
So, im waiting for trap first before i can go long.
About downtrend move - RSI modelation succesfully was tested on spring and summer downtrend, i think its resonable to wait panic again. Here also pretty low liquidity, if bulls wants stay at 300+ forever - we should have VERY strong orderbook.
Notice also 270 range is too dangerous, below 270 could be flash-crash as in summer, watchout
Good luck
Feragatname
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