It's the dead dwarf bounce. Should take us to the vicinity of the .618 line (if not as high as 0.5) line. To be safe, I'd start shorting from 6700, which is just below a .786 retracement between the 2 levels.
And then it's back to the shadow again.
And then it's back to the shadow again.
Note
When I say "safe", I mean that I don't trust this bounce and know that btc can't wait to resume going down. I'd rather get my short in than miss out.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.