iNeedBTC

Bitcoin in a no trade zone

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I think it's very risky to take position here, I'm just watching, hoping for the previous trend line to become a support, would be very encouraging. If it break down, I'm not expecting a big downside, unless if it break the green resistance. Great probability to stay in his range.
More incertitude in the market due to the tether drama which have a significative importance in the price action, bad news could be terrible for bitcoin . Bakkt, Fidelity,
Coinbase-Blackrock rumor can be huge catalyst, only few informations and still nothing accomplished yet. Lot of things needed to ensure the sustainability of bitcoin but it still seems to have a bright future.

What are your thoughts ?
false breakout to the upside, i was waiting it to start shorting. I will break 6000 soon I think
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its risky to take a position, where ever its at.
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