so after a nice run up here, the algo that i use is pointing to some strong resisitance at the 10.5k marker. With the usual behaviour and sentiment around 10k of dumb money movement, we can expect (as per usual) some potential manipulations, with lower time frames showing a few almost significant pump and dumps too..
Long vs Short positions still lie in favour or a bull market, which is another reason i feel we may be due a retrace.
Yea i think maybe a little higher to offload some more and also bring about a little bit of excitement ... and then drop for a refuel before the real run.
TradingSargentAlpha
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@Crypt1cLyfe, yeah agreed, i could see 10.5 at least, if we break that potentially 14 then down. but will have to see :) its crypto after all :)
Crypt1cLyfe
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@TradingSargentAlpha, It is indeed, and we are but little fishy's trying to surf on the whales waves.