Disclosure: Currently long BTC from 6.9k
This is a nervous place to buy here, and if I was out of the market I probably wouldn't buy it unless with very calculated entry + stoploss.
BTC is very close to triggering a lot of short-seller stops which would cause price to spike quickly as shorts scramble to cover. However, it has to get over 9.2k to do it.
Does BTC have legs to trigger the stops now? Or will bears get a relief dip into 8.4k to retest the log trendline (and a good opportunity to close short)?
Find out in our next exciting episode of ....
This is a nervous place to buy here, and if I was out of the market I probably wouldn't buy it unless with very calculated entry + stoploss.
BTC is very close to triggering a lot of short-seller stops which would cause price to spike quickly as shorts scramble to cover. However, it has to get over 9.2k to do it.
Does BTC have legs to trigger the stops now? Or will bears get a relief dip into 8.4k to retest the log trendline (and a good opportunity to close short)?
Find out in our next exciting episode of ....
Note
More bear stops to take out 
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.