This is a very basic idea for a short. SL around 4070. A break of 3775ish area will spell panic for anyone long. The double top was suspect, and could mean we go higher.
The risk is relatively high on this one, but there is a very good chance we re-test lower before really pumping bitcoin.
We need a little shakeout. Let's see. They might want another round of shorts even higher, so careful for that. However, we are very sufficiently filled for a drop here. Don't get TRAPPED! Keep a tight stop-loss. Expect violence.
Careful, and have fun trading this high volatility! Good luck.
The risk is relatively high on this one, but there is a very good chance we re-test lower before really pumping bitcoin.
We need a little shakeout. Let's see. They might want another round of shorts even higher, so careful for that. However, we are very sufficiently filled for a drop here. Don't get TRAPPED! Keep a tight stop-loss. Expect violence.
Careful, and have fun trading this high volatility! Good luck.
