Bitcoin is known with its weird patterns which gets rid of both bulls and bears in a single move.
Here as we can see that the most bullish bears are expecting a pull back to 8800 - 9400 level to go short till 6k or 4k or whatever...
At the same time 10k is a really important level for the bulls. They will be checking out the prices above 10k and will be going long when they get the confirmation. Some of them will long at 10k, some will wait for 11k and more...
BEARS.
Considering the bears shorted the market around 9k s. Going up to 10500 and above will force them to close their shorts.
BULLS.
After the 10k is broken Bulls will get excited about the moon we are heading to. So going down from these levels would be a perfect strategy for bitcoin to get rid of them too...
Here as we can see that the most bullish bears are expecting a pull back to 8800 - 9400 level to go short till 6k or 4k or whatever...
At the same time 10k is a really important level for the bulls. They will be checking out the prices above 10k and will be going long when they get the confirmation. Some of them will long at 10k, some will wait for 11k and more...
BEARS.
Considering the bears shorted the market around 9k s. Going up to 10500 and above will force them to close their shorts.
BULLS.
After the 10k is broken Bulls will get excited about the moon we are heading to. So going down from these levels would be a perfect strategy for bitcoin to get rid of them too...
Comment:
well this is going creepy...