Bitcoin is in a short-term triangle consolidation. Triangle consolidations usually signal a negotiation phase and slowly kill all daytraders. Longer-timeframe traders pick the asset then and push the price into the opposite direction where it should go to. In my view, we will see a quick pop-up but then the main direction is down to target 3495 then 3178.
I'm still long in a longer-term as the secular bull trendline is intact on the log scale, also fundamentals of BTC are just going stronger: closing exchanges in China, closing all trades in China could halt prices for a while but still, BTC is extremely strong and operating and far from a collapse. Actually China locked out itself. Good bye China, rest of the world will just go without you!
I'm still long in a longer-term as the secular bull trendline is intact on the log scale, also fundamentals of BTC are just going stronger: closing exchanges in China, closing all trades in China could halt prices for a while but still, BTC is extremely strong and operating and far from a collapse. Actually China locked out itself. Good bye China, rest of the world will just go without you!
Trader, using patented technology to detect moves of large players (market makers). Part of my techniques work on cryptos as well.
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'Follow smarts, make money'