Ok, so that Bart break to $10.4k threw me off. However, after the steep drop and failed break we went back to where we were beforehand.
Same thing as I said last week, bulls must sustain the bull breaks or it'll get rejected.
For the first time in over a year I've gone short as I feel a drop in order to retest the Weekly low is inevitable.
I've been setting cash aside mostly for buying to accumulate but I'm putting my money where my mouth is.
CME Gap at $7600 you know how that goes.
bitcoinist.com/...elloff-to-7600/?utm_source...
Same thing as I said last week, bulls must sustain the bull breaks or it'll get rejected.
For the first time in over a year I've gone short as I feel a drop in order to retest the Weekly low is inevitable.
I've been setting cash aside mostly for buying to accumulate but I'm putting my money where my mouth is.
CME Gap at $7600 you know how that goes.
bitcoinist.com/...elloff-to-7600/?utm_source...
Comment:
We could very well see a push back up but it needs to be sustainable. Bull trap maybe?