After Bitcoin corrected almost 50%, what does the market need to do? Come up and grab liquidity. The market cannot move linearly - it must move in market cycles.
So. Whilst everyone was short from 6K. I was bullish as I knew we needed to come make a weekly lower high.
We ended up coming up to weekly 78.6 which i initially covered in Money Mondays.
I am now seeing weakness, I'm now shorting Bitcoin to 2K.
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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.