LittyKimmy

#BITCOIN - Another 10k Push

COINBASE:BTCUSD   Bitcoin
Unfortunately, bears were too weak and my short didn't work out. Right now the local priority is upward, but only local. I can see two possible outcomes:

  • $BTC price rises to $9900 - $10k region and rejects there. This is bearish and can send us to $9500 or lower again.

  • $BTC price pumps above 10k and closes above. This will be a sign for a new bullish cycle and the end of a local flat market.

I am out of any position again. The only opportunity is to try to short $9900 with a SL above 10k. RR is insane, so maybe it's worth it, but not for me. Tbh, I'm already sick of this $9500 - $10k fight and want to wait till the winner will be determined.
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