@PooyaSalehipour, it's a bit close now, would not surprise me it it would hit your SL and crash after that.. shorting during an uptrend with 5% error margin is a bit tricky.
I still have a feeling it is a bit early to short, i will probably still get everything ready for a short this week, i prefer wait until i am sure it is crashing.
drshoe
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so yea, it looks very overbought... but my advice is: do not underestimate the mania generated by the chinese.
DanielPang
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The weekly chart has already indicated overbought.
DanielPang
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It's wise to short from here , this level is overbought at weekly chart.
adolf512
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The huge recent increase of XMR suggest that smart btc investors are hedging their bets, dash is doing ok now too (the price in $ is up).
Gold has fallen recently(a lot) so it does not make sense for btc to rally now, probably another bubble but not sure yet.
TomProTrader
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@adolf512, With Chinese yuan dropping in value, and with the dreary possibility Euro's could be transferred into Bitcoin amid a possible Italian union exit, there's a lot of reason for Bitcoin to be rallying right now.