BTCUSD perspective, 1st Lower High in Place?

17 พ.ย. 2017

there are still not big bearish signs yet on BTC but if our 1st Lower high is in place at 7950 levels and if we break 7555 level and establish a new lower level below 7555, that will represent short to long term bear momentum once again.

What to do in this situation?

Open long only at new ATH. This time we did not see huge volume on new ATH which is a bit of a surprise.This is Risky though on such high levels.

Open short if 7555 breaks or wait for a possible bullish retracement back up and than short!