Scale out of longs for profit taking here.
-Amazing move to the upside, but bitcoin is looking exhausted up here and overextended.
-CME Gap still possible to get filled.
-Depending on the close of the 4h candle possibly have bearish div.
-Overbought on every time frame.
-Don't get caught holding bags here on swift profit taking. IE: Moves back in may 9.4k to 8.4k, 10k to 8k, and 10.4k to 9.1k. They love to stop/liquidate hunt right after explosive moves.
Entry: 108xx-109xx
TP: 97xx-101xx
SL: 11050
GL, this is purely speculative discussion not meant to be taken as fact or basis for your personal trades.
-CME Gap still possible to get filled.
-Depending on the close of the 4h candle possibly have bearish div.
-Overbought on every time frame.
-Don't get caught holding bags here on swift profit taking. IE: Moves back in may 9.4k to 8.4k, 10k to 8k, and 10.4k to 9.1k. They love to stop/liquidate hunt right after explosive moves.
Entry: 108xx-109xx
TP: 97xx-101xx
SL: 11050
GL, this is purely speculative discussion not meant to be taken as fact or basis for your personal trades.
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