BTC Short. so many people are bullish after this little rally, I just don't see it or rather I wont change my bias until we break this down trend line and retest it as support to the upside. who is longing into resistance here? not me...
@Gary_Collins, nice still got that prime spot. I jumped back in but lost my prime spot and took a smaller position.
MrPipa
⋅
Don't fight it.. accept it
Gary_Collins
⋅
@MrPipa, I don't fight it my guy, i'm like water I go with the flow. but longing into resistance isn't for me. If it is a bull trap my short position kills it. if its not I'll take the calculated loss and look for an entry. But so far all i'm seeing is rejection at the resistance level.
MrPipa
⋅
@Gary_Collins, not completely disagreeing with you. My comment might of been an overstatement, as I shake my head when I go through TV and see calls for 11k. Either way we will find out soon after we try 24100 again. Its all good for me anyways.
Personally I rather see an up thrust this weekend, followed by a full retracement next week.
Guess well see what the market makers have planned
Gary_Collins
⋅
@MrPipa, Short killed it! what you think bounce here or next demand zone down?
MrPipa
⋅
@Gary_Collins, I was going to message you earlier on a beautiful call. I think bounce is here but it looks so ugly right now. If we break below 20750 very likely were going lower. R/R is good here imo. starring at 20860 and debating to give it a go.
MrPipa
⋅
@MrPipa, my thought is if we bounce here next daily could land us around 22300.. then break down lower.