I am changing my view point. The previously noted inverted SHS does not look at healthy as I would wish for.
Further, measuring the weekly BB width , it feels we have reached the maximum width for it at current market levels.
The candle sticks are forming TOP signals, and for that reasons I am not keen buyer anymore.
Strategy is SELL below $ 65 k for a profit level of $ 37k. Place stops above $ 68.5, but re-sell $ 73K.
Further, measuring the weekly BB width , it feels we have reached the maximum width for it at current market levels.
The candle sticks are forming TOP signals, and for that reasons I am not keen buyer anymore.
Strategy is SELL below $ 65 k for a profit level of $ 37k. Place stops above $ 68.5, but re-sell $ 73K.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.