Bitcoin (BTC) Doesn't look good for bulls medium term.

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
I was a bit late on this one, because I was convinced we would get a big wick into the 4k area.

But I might as well post this now.

It looks like consolidation before a move down. I mentioned it already on social media. Short term we will go up from here, but I don't expect a major move upwards.

When was the last time retail got to make money like this? I would expect a fast move up instead of a slow and steady one. But there has been a lack of USDT deposits to Finex, so I guess that could be a reason.

Thanks for viewing!

Comment: We will probably be up here for a bit because lots of people closed their positions and liquidity needs to build up.
Trade active: I'm short from 3984.
I don't think the move down will be anything more than a correction so will not be holding this.
Comment: Finex received over 30 million USDT within the span of 2 days, causing the pump.
Comment: I got stopped out during the pump unfortunately. I didn't have time to view the market so didn't really reshort it.
Hello Xzhi, always appreciate / is waiting for your analysis :(
Good stuff as always
+2 Reply
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