As we can see we had a ''fake'' breakout around
7200-7300 ; There is still an option to see the bullish trend again. However, it can more likely a bulltrap. I will be honest; The low-volume telling me to stay away from the market for a while until I see a move to 7K so I can open a short on Bitmex.
This pattern is a bit like the same patterns 1 Year
ago when we dumped from 6K to 3K. I know; Talking about 3K Is sounds way too far. But I consider this as an option if we go to 6K.
Meanwhile, when looking at the 24Hours chart it looks boring.
What's the Bottom-line @Whaleagent:
Things not look good. I will not trade in these conditions of the market. And prepare myself for a short position.
7200-7300 ; There is still an option to see the bullish trend again. However, it can more likely a bulltrap. I will be honest; The low-volume telling me to stay away from the market for a while until I see a move to 7K so I can open a short on Bitmex.
This pattern is a bit like the same patterns 1 Year
ago when we dumped from 6K to 3K. I know; Talking about 3K Is sounds way too far. But I consider this as an option if we go to 6K.
Meanwhile, when looking at the 24Hours chart it looks boring.
What's the Bottom-line @Whaleagent:
Things not look good. I will not trade in these conditions of the market. And prepare myself for a short position.