So, 6800 didn't put up much of a fight at all did it , next minute, 7500 is flashing on our screens... what does it all mean ??
Well, in my opinion we are seeing bears turned bull by a an unpredicted semi intense bounce from just below 6100, i believe half of the stratosphere thought once that area breach that was it, BTC was going to the boneyard, Typically BTC and its tricky traders decided that would be a great place to begin a slow building ascent that has seen us pop up in to the sky and have a look around to see if anyone was watching !!
Of course they are watching, everyones been watching and waiting for this moment...... at this very point in time though, we now have a little cool off and rest , count the money we earnt from stopping out a gazillion short entrys and load up the cannons to prepare for the next attack.... will 7800 be as weak as 6800 was ? one would have to say it will be a slight bit tougher but with the added fuel from the fomo camp, we may get a real gauge on what we are actually looking at here from the strength and direction of the next movement.
For that reason, i will remain Neutral, i will hold my long position from a tasty entry point and i will let the market tell me where it wants to go before i make any further comments on BTC....
As always, trade with your head and not your heart, be aware of super mega wicks looking for those greedy little 100x leverage traders and don't be greedy.... if you have some nice profits, don't be afraid to book some of them !!
Happy trading guys n gals !!
Well, in my opinion we are seeing bears turned bull by a an unpredicted semi intense bounce from just below 6100, i believe half of the stratosphere thought once that area breach that was it, BTC was going to the boneyard, Typically BTC and its tricky traders decided that would be a great place to begin a slow building ascent that has seen us pop up in to the sky and have a look around to see if anyone was watching !!
Of course they are watching, everyones been watching and waiting for this moment...... at this very point in time though, we now have a little cool off and rest , count the money we earnt from stopping out a gazillion short entrys and load up the cannons to prepare for the next attack.... will 7800 be as weak as 6800 was ? one would have to say it will be a slight bit tougher but with the added fuel from the fomo camp, we may get a real gauge on what we are actually looking at here from the strength and direction of the next movement.
For that reason, i will remain Neutral, i will hold my long position from a tasty entry point and i will let the market tell me where it wants to go before i make any further comments on BTC....
As always, trade with your head and not your heart, be aware of super mega wicks looking for those greedy little 100x leverage traders and don't be greedy.... if you have some nice profits, don't be afraid to book some of them !!
Happy trading guys n gals !!