cryptobiting
Short

BTC does it have enough steam?

BINANCE:BTCUSDT   Bitcoin / TetherUS
Up until this point, Bulls have rallied up without much pressure. Bears were hibernating.
Could this be a bull trap like other bubble formations? Or a bear trap? The line intersections and signs of both were clear. Very confusing. In a previous post I mentioned something peculiar about Feb 12th. Why all signs pointed to today.

Let’s see.

I played defense a shorted BTC and ETH at 8800.
If it rallies past the hurdles and establishes support, will be back in, but
I’ve mentally settled for more predictable swing trades and go long with cheaper coins at the bottom.
Trade active: My guess is it’s going to hit 10k resistance then back to 9k support and then create the bigger inverse head n Shoulders which should generate even bigger volume for a possible breakout. If this happens Alt coins will be powered up again for bigger profit gains.
Trade active: Neckline hit and found resistance at 10.3K.
Let’s go for 11.5k trendline before our 5th wave down..

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