However, #BitcoinHalving fomo is in favour of Bulls. Few buyers makes them look weak !
Risk Reward ratio favours both - Bulls and Bears.
This is critical level to activate Short trade. It was marked on the chart earlier. BTC has now reached $8200 and would be interesting to see what the Bears do here. Can they drop $BTCUSD back to $5000 ?
$BTCUSD now $8800
That is a pretty big candle that smashed through the resistance and crashing all hopes for Bears !
Trade closed: stop reached:
Stop Loss hit for Short position.
Long position in profit