Rsi has bearish divergence. My account is flat right now.
If we have a bullish breakout I will short. If Rsi situation doesn't change.
Also Short are very low longs are high.
I believe a false breakout will happen to trap the bulls.
If we have a bullish breakout I will short. If Rsi situation doesn't change.
Also Short are very low longs are high.
I believe a false breakout will happen to trap the bulls.
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We may be breaking that support trend line right now. I believe this will be a fadeout as well. Volume is not there. I suggest to move very slow.Pay attention to the volume. And take positions when you are confident. Lots of traps will happen here. I'm bullish very short term and bearish mid to long term. So I don't care if we don't get the bullish breakout.
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Volume is joining the party. Wait for a retest around 5222. Then short it. Do not take any profit until 4800 thats a minimum. Move slow. As said this could be a bear trap as well.
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We will defiantly get a retest. Wait. too much people are bullish BTC right now