With the price remaining static for already few hours and what looks to be a 'Trolling' forming there is a good chance that the people shorting are going to fuel the pump straight through this resistance. As you can see the shorters are rising rapidly.
I'm not sure how big the effect is going to be this time but for sure it would create a big green stick.
Please remmember that this is just a scenario. Do your own research, humans make mistakes.
Hopefully you are doing fine. I’m going to admit that I got a little to over confident with my last trade call which went very wrong. I was a bit blinded by the green days I think! So I apologize for that.
My goal is to share my passion for trading with you guys and I received some criticism to bring things a little bit more neutral/calm and I agree. This way you can make the right decisions yourself and I will only be here to share knowledge in a fun way. So I will be working on improving my analysis and communication. Thanks for the feedback!
Now lets continue trading!
I think you are very blindly bullish biased. A good trader is neither bullish or bearish because a good trader makes money when the market goes up or down. You need to take the "emotion" out of your TA. I suggest you take a bit of a break and take a look at the bigger picture with a fresh view.
We are going down some more. This is just the market. There was no entering a bull phase (not yet anyway). The $7K range tests are coming and coming fast, that is all I will say.