this is my gameplan for the next couple of days
Break and close of previous resistance will be a very bullish indicator. Long here for the risk takers, buy the breakout for the safe. Trade here: bitmex.com/register/ir2Xqa
Last time we saw this pattern was at 4000 dollars before 20,000... Long bitcoin here: www.bitmex.com
Failure to break resistance and lower lows alongside lower highs, MACD cross... the bearish indicators are staring you in the face. Long 3700.
Bitcoin is continuing on this short-mid term downtrend. I believe we will make stops at each of the blue lines (where i will decrease position size on short from 4400) and eventually go as low as the long term bullish trend line from 1800 to 3000 and touch at around 3700 where I will enter a long position if it holds.
Since our rally from 3000 16 days ago, I strongly believe we are in for a big retrace before continuing on our long term bullish trend.