I am currently out of my longs a little bit shy of 24k as I am starting to see signs of weakness.
Bearish divergencies are starting to form on low time frames, SPX on resistance, US100/US500 on resistance, Total Market Cap on resistance, BTC seems like it is about to form an SPF on the daily (and potentially on the weekly too if this keep going that way)
In the 2h chart I see a range deviation playing out if the candle closes back within the 22650-24200 range
Technically the target should be the range low at 22700 but if you are still bullish you should at least consider riding the shorts till the range mid point at ~23400
Just my quick 2c
p.s. I know I am frontrunning the candle close but honestly I don't think it matters much. I'd rather be wrong than late.
Bearish divergencies are starting to form on low time frames, SPX on resistance, US100/US500 on resistance, Total Market Cap on resistance, BTC seems like it is about to form an SPF on the daily (and potentially on the weekly too if this keep going that way)
In the 2h chart I see a range deviation playing out if the candle closes back within the 22650-24200 range
Technically the target should be the range low at 22700 but if you are still bullish you should at least consider riding the shorts till the range mid point at ~23400
Just my quick 2c
p.s. I know I am frontrunning the candle close but honestly I don't think it matters much. I'd rather be wrong than late.
