My prediction on bitcoin for the next few days.
Updated
For those who doesnt want to read it all and doesnt see any arrows that i usually use, here are key targets.
Price now - 6366
If we pump above 6400 i will try to add to my short position at 460-480, would be a great entry.
If we jump from cliff and end up at sub 6200 and shorts will increase significantly - i will get a long position and prepare for a short squeeze.
if we jump and just die without shorts increasing - i will probably add to my current short after we break 6200 and retest it.
I dont see a single reason to go long now or add to existing short. If you want to gamble - short from 6390 might be a good play, same as long from 6290.
Price now - 6366
If we pump above 6400 i will try to add to my short position at 460-480, would be a great entry.
If we jump from cliff and end up at sub 6200 and shorts will increase significantly - i will get a long position and prepare for a short squeeze.
if we jump and just die without shorts increasing - i will probably add to my current short after we break 6200 and retest it.
I dont see a single reason to go long now or add to existing short. If you want to gamble - short from 6390 might be a good play, same as long from 6290.
Note
Also dont move the chart, everything goes to shit if you do thatNote
So we dropped to 6160 and there is like 100-200 btc opened in short positions. Also longs tried to jump and immediately rejected. I dont see the dream, i see a big gap from 5900 to 6100 waiting to get filled, im shorting now and will add if we go up. It might be last chance to short 6200, whether it is because we doom sub 6k or moon. second option seems so unrealistic to me right now.
Note
What i see:People longing now for a pump to 6300 at least, some very conservative shorts opening small longs here for that move up, a lot of inverse head and shoulders predicting big move up. Spoofy buy walls on mex and finex, price slowly climbing up.
What i expected to see at this level :
Shorts increase since we are dropping hard and each support vanishes. A lot of liquidity at 6100-5900 and move down there would be great for both sides imo.
What i get out of that:
I shorted at 6170 after i saw first wall. Might be the first one for a ride, but everywhere i look i see bear signs. Top of the range for this one is 6300, where i will add with a stop loss at 6400.
Im targeting sub 5.9k and gonna wait where will it take us. Just trying to see this picture the way big player would see.
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