If you watched price action on yesterdays close, the week has closed below 52k and the bearish flag broke down as expected, but whenever something expected happens in Bitcoin, whales start manupilating and that's what they did. Price action was insanely fast, that means it can't be a market move, it's a whale move.
Let's remember what whales want: rip you off. Now people will start FOMO'ing and whales will start selling. Again and again!
Now, if the price continues to rise and closes above $53.437.40, it's likely to continue until $53.086 which is the upper band of my indicator, the OTT bands.
I bought above $51125 but the market order filled only at $52290 and exit with some profit immediately. Thanks to Tradingview alarms and 3commas bot!
There is only one question you should be asking now. Am i in profit? No matter how much or you are about to get ripped off!
Take your profits!
Comment
⋅
Unless this week closes above $56.258, we are still in the bear trend! Take short term profits or whales will take it!
Comment
⋅
Correction: upper band is at 54386 not 53086.
Comment
⋅
Bulls were nowhere to be seen yesterday, they were eaiting at 43k. Now Whales want them to FOMO back in so they can sell!