Short

Bitcoin to 7650 during weekends and down to 7200

Updated

lots of long positions being accumulated past days, large upward movements are now unlikely as people can start closing positions. slow movements to attract longists and sudden small squeezes to shake off shortists are most likely during the weekends. and if that's how weekends play out, i'd recommend short at 7650 with 7720 stop. target 7200

Note

we got a short squeeze during weekends as i wrote above, pretty big one, up to 7716. so stop loss at 7720 was a perfect spot.
if you listened to put short order at 7650 with sl at 7720, i'd recommend to fix part of the profit now

Note

this setup begs for short. but might be too obvious, let's see what happens now

Vadim_Fedenko

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