Looks like a good time to pullback, maybe get a 6.9-7.1k Long entry if you're bullish, or to see it as a "rejection" if you're bearish. This has been the strongest 've seen BTC in awhile, but it's good to be cautious and not get caught up in the bull sentiment when grinding a long term resistance trendline. The Trendlines, Tenkin line, multiple MFI bear divs on the 4hr, and the Daily stoch RSI that's been planted to the top for days are all good reasons to think we might be due for a "cool off". If we decide to not pullback at all and break up to 7.5+ a decent target is 8k. Good to keep in mind we have 33k shorts as fuel.
Trade closed: target reached:
This is still one of my favorite plays of all time