Bull market or a bull trap? Ranging tight liquidating both sides
Profits from previous trade was taken (50% at 9500, another 50% hit 9700 SL). Bulls or bots? bought Moving Average 200 aggressively, liquidating all high leverage shorters.
Obviously speaking we witnessing how Bitcoin keeps liquidating x25 longs and shorts.
BTC still locked inside triangle, ranging close to upper resistance cluster.
Every MA200 deep got bought immediately. All moving averages indicates strong bullish momentum. Im staying flat without leverage position, holding spot BTC.
Will look for opening longs in MA200 and violent stop hunt supports, and for bullish divergences in RSI support zone.
Looking for a short, at resistance clasters mentioned on the chart, and for bearish divergence on the RSI (which one may play out in 10.5 k area).
BTC is bullish, however the resistance we are facing right now is very strong. Keep your stoploss in place, and leverage low.
Im still focusing on a main idea, described in previous BTC recap - BTCUSD 1d Chart, are we gonna make it through $10500 USD?
Obviously speaking we witnessing how Bitcoin keeps liquidating x25 longs and shorts.
BTC still locked inside triangle, ranging close to upper resistance cluster.
Every MA200 deep got bought immediately. All moving averages indicates strong bullish momentum. Im staying flat without leverage position, holding spot BTC.
Will look for opening longs in MA200 and violent stop hunt supports, and for bullish divergences in RSI support zone.
Looking for a short, at resistance clasters mentioned on the chart, and for bearish divergence on the RSI (which one may play out in 10.5 k area).
BTC is bullish, however the resistance we are facing right now is very strong. Keep your stoploss in place, and leverage low.
Im still focusing on a main idea, described in previous BTC recap - BTCUSD 1d Chart, are we gonna make it through $10500 USD?
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