I mentioned in my most recent update that the market will turn south towards 8k range prior to having a positive price action. I would stay away from buying until we get closer to 8.5k range and below.
The market did get close at top of $9,175 USD. However, I hope you have been following my previous BTC chart where we are loaded up between 8-7k.
I have taken profits and playing with a small aggressive position. I am positioned to buy around mid to lower 8k, this is a moving target and I will try to update when I can if the market shifts.
There is still some juice left in the market but i think the upside potential is small.
Again patience will always win out. Wait for your buy's to get triggered. I would space them out and have the bulk of your buy positions on the lower trend.
While the Daily MACD looks to be resetting and a "golden cross" forming, it can be a fakeout. Thanks to L.G. from my private group to bring this to my attention.
Wishing you all well! I will post an LTC chart later today. ~ Happy Hunting