YoungLivermore

BITCOIN LONG & SHORT: $6500 FIRST, THEN $4200

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Pretty self-explanatory.

Truly hard to see this playing out any other way.

If I had to give the second most likely scenario, it would be that the high is in ($5840), and the sell-off starts in the next couple of days. Daily bearish divergence forming on Bitcoin has been no joke during this bear market.

But, what I don't see happening is Bitcoin hitting $6000 level and dumping.
We either 1) blow straight through past $6000, or 2) fall short and don't even get there.

Thoughts?

Comments

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