I can see three major options for 
BTC here:
1. Dump right now. Logical after multiple positive retests and shorts squeeze.
2. Distribution above 7k, but below the channel resistance. The point is to let the crowd rush in longs and then ride it down hard.
3. Just pump the hell out of it. This is not logical in any way, technical or fundamental, the only bullish thing I managed to find is closing above EMA400 (it has been quite good indicator for a while).
The situation looks really awkward for me right now. I really want to open a heavy short here and all the way up to $7130. However, I just don't see bears, I don't see any big sells or other signs. There's also American session opening in an hour and I don't want my plans screwed by stocks market moves.
BTC here:1. Dump right now. Logical after multiple positive retests and shorts squeeze.
2. Distribution above 7k, but below the channel resistance. The point is to let the crowd rush in longs and then ride it down hard.
3. Just pump the hell out of it. This is not logical in any way, technical or fundamental, the only bullish thing I managed to find is closing above EMA400 (it has been quite good indicator for a while).
The situation looks really awkward for me right now. I really want to open a heavy short here and all the way up to $7130. However, I just don't see bears, I don't see any big sells or other signs. There's also American session opening in an hour and I don't want my plans screwed by stocks market moves.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.