Hey folks!
In spite of all the danger, btc has been doing really good for the last two weeks so far. Meanwhile back at the ranch bears are wounded and bulls are out of control, Or aren't they? . I dunno... But I do know this, or this is what I'm thinking on right now: volume is not convincing me of this up-trend rally. Plus, bulls look tired. Trying to analyse the chart here, and only looking at price and volume, what I see is that even though the volumes on the breakout from this 6k (so called) bottom were good, they were smaller than from April's bottom. Also, we are still in a bearish market and it seems that there's a long way to the 10k zone. Long story short, maybe I'm too stoned but I go short now.
Peace.
In spite of all the danger, btc has been doing really good for the last two weeks so far. Meanwhile back at the ranch bears are wounded and bulls are out of control, Or aren't they? . I dunno... But I do know this, or this is what I'm thinking on right now: volume is not convincing me of this up-trend rally. Plus, bulls look tired. Trying to analyse the chart here, and only looking at price and volume, what I see is that even though the volumes on the breakout from this 6k (so called) bottom were good, they were smaller than from April's bottom. Also, we are still in a bearish market and it seems that there's a long way to the 10k zone. Long story short, maybe I'm too stoned but I go short now.
Peace.