BTC HFT Short - Target low 7k.
Dumping to 7.2 imo, after short-term pumps these slight up-trending curves often break back down. The bullish momentum very rarely continues unchecked, but it can happen so tight stops as always.
Note
trending high 7.7's, not taking a position yet.Trade active
I am Short from 7750, OUT at anything above 7.8Trade closed manually
closed at 7680, price region is holding for now, might play a scalp long back up.Trade active
continued sideways action for a third(?) day. Wound tight for a hard break, if it moves past 7780 & gains traction, (currently testing the upper resistance AGAIN) it'll short squeeze north of 8k easily. Note: it hasn't retreated to the 7490-500's range, we've held onto a higher 7700 shelf since the 26th. Strong indication of upwards pressure compared to the faltering dip before the dump in the highlighted region of the 16th - 21st. I am invalidating this idea & going LONG short term (as long as 7700 holds). Bearish pressure only kept it at 7680.
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