Shock range is narrowing, bears are in a little bit advantage.
From the strategy i gave yesterday, i said that it'a hard to break the current resistance level with the poor bullish volume, and it came true for today, trend failed to test $7800 again and bullish volume is getting smaller, so there is no more words to say as the trend doesn't change.
Investors should notice that trend may won't fall immediately as big whales know most investors found the oppotunity of opening short around $7700~$7800, they may produce a trap breaking to attract investors to realize that pump is continue and pullback won't appear, and then selling their positions to lead the price down rapidly, this condition has been happened for many times recently, so careful about this.
So today i won't give a signal as long or short is not easy to earn as the profitable space is no more than the lossing risk in this area, so guys better wait until the clear siganl appears.
My personal opinion is that pullback to about $7300~$7400 first then pump to test $7800 again, and it's possible to pump more at that moment. However, we can all just predict with our own minds, the market won't listen to ur order or wish, or big whales. We can only wait for the best signal appears then enter the market.
Investors should notice that trend may won't fall immediately as big whales know most investors found the oppotunity of opening short around $7700~$7800, they may produce a trap breaking to attract investors to realize that pump is continue and pullback won't appear, and then selling their positions to lead the price down rapidly, this condition has been happened for many times recently, so careful about this.
So today i won't give a signal as long or short is not easy to earn as the profitable space is no more than the lossing risk in this area, so guys better wait until the clear siganl appears.
My personal opinion is that pullback to about $7300~$7400 first then pump to test $7800 again, and it's possible to pump more at that moment. However, we can all just predict with our own minds, the market won't listen to ur order or wish, or big whales. We can only wait for the best signal appears then enter the market.
Penafian
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