Bitduke

XBTUSD: On Resistance $6400, Scalp short

Short
Bitduke Updated   
BITMEX:XBTUSD.P   Bitcoin
XBTUSD.P pumped by 15% on the daily and is on resistance.

Looks strong:
* volumes are growing
* tether Mints $180M New USDT For ‘Inventory Replenishment’
* decoupled from S&P500 which SPX only +0.47%

But I'm short from ~$6224 with tight stop - targeting $5900 - $5700 as support. Because we're on the resistance and I don't think that we will break it with the first try

Information is just for educational purposes, never financial advice. Always do your own research.
Trade closed: target reached:
BTC pumped further, took the loss -2%, trade closed

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