Well, Bitcoin is forming an ascending wedge, if you forgot what's that, let me remind you. It's a figure that breaks down to the south. Bitcoin did 1.5K yesterday and it cannot go more without a pullback. Just look at this chart and tell me if smart money is buying this top. I really doubt that. And even though we could go to 10.8K I expect it to be rejected pretty fast.
Trade closed: target reached:
Congrats to people who was able to make money on this short :)