Bitcoin seems to have double topped at 9390 and looks ready to reset back lower before making a choice to go up or down hard. Shorting here hoping for 8700s but open to possibility of it sliding back to 8200s. I dont think this downward movement effects the still overall monthly bullishness we saw that brought us to 10k. This is a simple fib and bolly play in and out. :)
Well I guess I put my stop on my last post too high, I figured 7200 was the top but I stopped out at 7300. Regardless new short in with a very tight stop, with the volume weighted range it at least will see below 7k. Baby steps :)
Wow what a wick! Looks like the Bears were not gonna have that breakout. Well went to the top of my fib so now next step is the bottom rung. There must be a lot of desprate bulls who bought on the breakout, I think that if it turns harder downwards it can go fast because they will be looking to dump their positions.
Couldn't post smaller timeframe because TV won't let me but there was a weird dump off BCH on Binance and Huobi at the same time down to the second that recovered damn near instantly. This was followed up by weird spikes occurring every other interval. I am posting because I have no idea what it is and would love some input. Go check out the charts for yourself....