Hello globally according to your technical ideas do you think it will drop when it reaches that average more or less
Global_Trading507
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Good evening my esteemed Square community, it is a pleasure for me to share with you through this wonderful platform a bit of my ideas.
Let's start with BTC, which has recently broken its ATH. Personally, what I observe is the historical behavior of the price; and the last time it made the same pattern of bearish divergence on the RSI in the weekly timeframe, the price retraced almost 20% or more from its ATH. It is logical that we are on the brink of a Bullrun, but in particular, I am waiting for some strong correction, since while the price should behave historically in cycles, we must understand that there are many factors influencing this Bullrun in the market that did not exist 4 years ago.
Putting BTC aside, and as I said, I am waiting for some larger correction before looking for higher psychological price targets like 120k. I also hope that Shiba Inu makes a strong liquidation or drop before it can look for new price levels than those shown in the past days. In particular, I think it is necessary to correct strongly to then go meteoric towards the mark of 0.045, referring to the pair of 1000Shib/usdt in perpetual futures. I will leave a sample of the operation that I have open in the pair, already secured the risk waiting for the price to do what it wants to do. For the moment, the price reacted to a strong zone, but it has been touched many times, which may indicate weakness in the zone in the coming hours. I attach a capture of the entry model in 15m so that it can be understood how the trade was taken.
I am new to publishing; any doubts regarding this, I remain at your service, my excellent ladies and gentlemen. God bless you.
Yours sincerely, Global Trading 507
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