What is up everyone, we have our first bull signal on BTC since the peak was touched in December. We closed our price on the daily chart outside the upper resistance. See green arrow. So what does this mean? Not much, it is just something to take note. We will continue to monitor the market as always and give our two cents when appropriate.
Also, for the more advanced traders out there, take note of the LONGS and SHORTS for BTC. All the TA's, including us at DA, thought BTC was dropping to $6k 24 hours ago. What happened!?! There was a massive liquidation of shorts. This is why as a trader you must always think like a whale. The incentive was to pump the price to make easy money, so that was the path taken. The path of least resistance.
We are still not in a full blown bull market yet, stay close.
- DA Bull
Also, for the more advanced traders out there, take note of the LONGS and SHORTS for BTC. All the TA's, including us at DA, thought BTC was dropping to $6k 24 hours ago. What happened!?! There was a massive liquidation of shorts. This is why as a trader you must always think like a whale. The incentive was to pump the price to make easy money, so that was the path taken. The path of least resistance.
We are still not in a full blown bull market yet, stay close.
- DA Bull
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