About meI'm the author of the Philosophy of Capitalism series.
I've shorted this crap since 59k --- and now, amazingly, it looks like the bulls are back in charge.
I'll have a bullish bias going forward, with a strong preference for long bets. Probably only go long if 35k holds tomorrow.
Immediately, we might go down a bit, perhaps 35k test, and then up we go.
Link, ETH, XRP ... the usual suspects look good from this...
So BTC has entered a no trade zone, and as traders we'll have to wait for the whales to decide the direction.
We've put in a double bottom, which is bullish, but a sequence of lower highs that are bearish and we're currently in the middle of the range.
If we can hold this area for a day or two more, then a significant push up to test 50k area is on the cards....
Just looking at the chart published in February, and we can see that 78$s is the next target.
I don't see 78$s holding and we should go to 100 bucks---which would mean the reset is a given.
Reports from the periphery of financial distress and entrenching poverty; which will be exacerbated by higher oil prices as the months go on.
I have added to my short position from 36,500 and am expecting a retest of the local support at 35,500.
Just to let you know, that I'm having fun as a trader, I'm not taking this overly seriously. I started this run on Thursday morning with 250 bucks on my Binance Futures wallet - I'm practicing trading futures contracts for the first time.
I got up to 2500...
I've been shorting since 58.5 k
We punched in a lower high, bounced off the support line last night because the bots closed their shorts.
Today, I don't think they'll close, and we should break down to complete the structure.