ridethepig | BTC Market Commentary 2020.01.10
After the moves:
Bulls are fully aware of the dynamic in the structure and where weakness becomes complex (below 6213). So the play was to let bears hang themselves as much as possible on the $7,000 handle or at worst a test inside $6,000. Look at the sharp spike back out, we traded it live here, it was smart money pinging the price; it fits with the circumstances brought about by the long-term wave configuration.
Good luck all those tracking the breakout and as usual thanks for keeping the support coming with likes and comments. Jump into the comments with your charts and we can open the conversation for all.