Volume is shit. Bulls and bears getting liquidated left and right. no new money entering. Only traders are scalpers, bots and whales. Short this shit to 5k first target. I'm never wrong
Btc has finally penetrated the upper trend line, but has yet to do that on the log chart. The daily closed with a bear hammer. The 10k area will be met with heavy resistance. Avoid the temptation to buy in unless youre scalping that bull trap. At the same time, we're seeing a right shoulder forming The stars are aligning as the 200 day MA approaches the .5...
Target: 256, 284. Stop loss: $220. High chance bitcoin will at least go test 10k, in a rising tide, all alts will rise in USD value
Trade when you get confirmation of breaking out of the triangle, not before
Exit position when you see signals of a trend reversal in the 5 minute, set tight stop losses. Prices will test the 3 blue points once it breaks out of 405
if it does break 188, target is 200, set a trailing stop on the 15 minute to watch for a 1-2-3 trend reversal