I just got to a computer and found that I have been stopped out of my last trade for a profit of $420/btc short. Pretty good, but it seemed like I was going to make more. That's okay, I'm not worried about making all the money now. You shouldn't be either. "Trying to get rich fast is a good way to get poor faster."
Anyways, I want to draw your attention to this we seem to be forming. I am interpreting this as a sign for two reasons: 1) we are at the bottom of the channel and so if this is valid we should test the top line. 2) Higher lows with weakened selling and lots of shorts could signal that we could be ready to go even higher than the top of the channel and retest the $7,500 area. This would be very .
If we break above that, I am expecting us to hit the 200ma and there's a very good chance we breach it and have at least a small bull run. We might not make new all time highs, but there should be some exuberance.
Lastly, watch the close of the ashi, if it is green, that's very because the is at dy/dx = 0.
Writing a 100 page book on trading. The first 100 to get into my discord group get it (and more) free!