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.