Bitcoin: BTCUSD Bad Friday turns Good on break above 7316 Bitcoin Good Friday?
Some spectacular price action overnight with a massive
counter rally from lows at 6630.
No obvious reason for this rally either. No imaginary Fibo, no
trend-line, nothing.
It looks untrustworthy and has rallied to the spot where it
should stop and fall away again at 7316.
If still short can stay that way with stops above 7316 for now.
The only way this can flip back to positive from here is by
breaking above 7316 and holding (if we see this happen later
on at any point we have to flip back to long once 7551 is
broken to upside using stops at least 50 points lower).
Until that happens this is a counter-rally in the downtrend and
we can stay short looking for 6000-5879 range on Coinbase
feed. Lower stop on short to 7110 to trap in profit now.
Be ready on upside in case a FUD free weekend starts a bigger
rally from 7316.
