Cashed in the Longs from 7.6-7.7 area.
And this one:
Now Bitcoin has to choose 8.900-9100$ area resistance and a low below 6.400$ OR it can extend to 11,200.
The smaller time frame projection for potential top just above 9k tyoe of scenario:
In all honesty , my gut feel tells me we are going to head higher due to the Bitcoins volatile nature. 6.400 -> to 8.900 is a small move for Bitcoins standart.
11.000$ will be JUST RIGHT according to the model I use to exhaust all the energy build-up during the June - December downtrend we had so far before diving south again. And represents an amazing Short trade.
Are we gonna get it or there will be evidence of resistance @ 8.9-9.1 area and will need to get short next week or so ?
And this one:
Now Bitcoin has to choose 8.900-9100$ area resistance and a low below 6.400$ OR it can extend to 11,200.
The smaller time frame projection for potential top just above 9k tyoe of scenario:
In all honesty , my gut feel tells me we are going to head higher due to the Bitcoins volatile nature. 6.400 -> to 8.900 is a small move for Bitcoins standart.
11.000$ will be JUST RIGHT according to the model I use to exhaust all the energy build-up during the June - December downtrend we had so far before diving south again. And represents an amazing Short trade.
Are we gonna get it or there will be evidence of resistance @ 8.9-9.1 area and will need to get short next week or so ?