BTC Breakout after consolidation. We might stay flat (7300-7550 until Saturday) I believe big players are buying LONG and who bought at 6k are fixing tehir positions partially that is why we are consolidating for so long. Also, it affects Alts a lot and as you noticed they've dropped a lot. My next target is 7800-7985. If it below 73000, I will increase my position. Shorting even for scalping is highly risky.
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7700 was rejected. Expecting a pull back for a few more hours. Many people put short order between 7600 and 7700 after rejection. I think we will have more attempts but need to reload all the indicators. Closed position 7580, will wait and look for the entry
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I am entering in a LONG position at the prices between 7300-7340. It might drop down to 6950, but I highly doubt that. If does go down I will buy more at those levels with another order of the same amount, and leave more capital to buy even lower with the same amount as the first two orders. I strongly believe that $7700 rejection was caused by traders who closed their long positions. We are in an uptrend and many big players bought a lot of BTC at the current levels.
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Closing all my long positions. Expecting the price might go up, but then reversed. Risky area to be in BTC. Recommend avoid any trading until things get clear. FIAT is the best position.