Quick update. Looks like btc wants to retest low 9k range. This could lead to a potential break out but I would lean toward a failed retest of this zone. Btc has been on a run so I can’t rule breakout off the table.
Currently DXY is looking to rally, and not sure how bitcoin will respond. I would imagine equities may take a bow here. And waiting to see how btc plays
ShortsBTC are looking to rally here as well.
Since previous breakout I have been short btc 9.4 k and will continue to stay short until forced out of position.
If traders are long here. You want to watch your position. Especially if you are in Alts/btc.
Any quick move down can rekt your long position.
Anything can happen though. Bitcoin has been doing its own thing lately. But from previous experience. These levels is where i guard my portfolio.
Keeping a close eye on this at the moment.
I will keep updating.
JW
Currently DXY is looking to rally, and not sure how bitcoin will respond. I would imagine equities may take a bow here. And waiting to see how btc plays
ShortsBTC are looking to rally here as well.
Since previous breakout I have been short btc 9.4 k and will continue to stay short until forced out of position.
If traders are long here. You want to watch your position. Especially if you are in Alts/btc.
Any quick move down can rekt your long position.
Anything can happen though. Bitcoin has been doing its own thing lately. But from previous experience. These levels is where i guard my portfolio.
Keeping a close eye on this at the moment.
I will keep updating.
JW
