There is a nasty short set up happening. Overall we are still bearish as it is not crossing 50k.
If it goes above 50k, we have a new set up in play and I will post the new set up.
For now, this is a trap, and we will see a quick drop right now.
If you are entering a trade, I have highlighted the Supports Blue (Strongest), Green (strong). You can buy at these spots, but very tight stop loss at your own risk.
If price moves up after dropping down, then move stop loss at each of these important levels.
I suggest waiting to see what happens. Give it 48 hours at least before.
PLEASE CHECK MY CHART ON 15 SEP.
If it goes above 50k, we have a new set up in play and I will post the new set up.
For now, this is a trap, and we will see a quick drop right now.
If you are entering a trade, I have highlighted the Supports Blue (Strongest), Green (strong). You can buy at these spots, but very tight stop loss at your own risk.
If price moves up after dropping down, then move stop loss at each of these important levels.
I suggest waiting to see what happens. Give it 48 hours at least before.
PLEASE CHECK MY CHART ON 15 SEP.
