Btc current sitrep

27 ก.ค. 2020

So Btc is above 10k once more. Currently at weekly resistance line (see chart) as indicated by BB Bot. Notice that the volume is much lower than last time we tested this area, which doesn't exactly inject confidence in this move.

If we break this horizontal I would expect a bullish retest (resistance flipping into support), and a test of the next horizontal around 11.3k. Breaking the latter would mean we are back in a bull market.

Not trading directional moves with unhedged positions at the moment since there are many great arb opportunities currently with futures/options with close to zero risk.