BTC trade of the day: Short 10780-10800 back to 10640

Just purely using channel fibs here folks. You can see resistance and support clearly. The 10800 area is our 1.618 reversal swing fib projection.

Just keep in mind, as I stated in the last idea, shorting this week will not nearly be as profitable or as safe as just staying long... This is purely a scalp play.

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FYI, top trading accounts on Binance going heavy short, therefore it aligns with us going higher from here...

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Don’t think we’re quite done just yet. Firmly believe it will push right into that 10800 zone...

We can clearly start seeing bearish divergence here on the RSI. Likely one more push to be had here...

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Guys, new idea... DONT SHORT THIS.... I have this pinups feeling that we are about to pop high and quick.

Top accounts are ultra short right now. I have a feeling we may actually pop right up to 11k here and liquidate those majority short positions...