Lots of people are buying into this pump and calling bottom. Don't do it. It seems as if we are in this wedge that will take us down to around $2700. Short with stop loss set on a breakout gives good risk/reward. Good luck.
Comment:
We broke out from what I thought would act as resistance. That said, I'm not buying any bitcoin here and actually just opened another short position. This is what I'm watching. If stop is hit, only tiny loss. If bitcoin dumps then good reward. Above that and I'll probably look to buy again.
