Basically #bitcoin is on the edge of a make or break situation
There are strong arguments for both bullish and bearish sides
My setup:
Closed all longs before 9k (a little bit early but i have reasons for that)
Shorted 9.1k but very small amount than my longs
Want to see price holds strong above $7.670 as my key level, better to be higher like 8,1k
If 7.670 lost even for 1 usd, i'll sell all my spot positions on any pullback cause that means for me 6.4k was not the bottom
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My main problem is the lack of fiat flow into the market since 2017:
This chart shows me there is a serious downtrend on fiat money inflow to the market which is essential for a new bull market
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I also want to show you a range i call "the problem zone":
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This is a range between 9-11k approximately. You can easily find it by looking the huge sfp candle November 29th of 2017. This range was important even during the crazy run.
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At last i want to add my long-term range. I guess this one is the most important one:
There are strong arguments for both bullish and bearish sides
My setup:
Closed all longs before 9k (a little bit early but i have reasons for that)
Shorted 9.1k but very small amount than my longs
Want to see price holds strong above $7.670 as my key level, better to be higher like 8,1k
If 7.670 lost even for 1 usd, i'll sell all my spot positions on any pullback cause that means for me 6.4k was not the bottom
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
My main problem is the lack of fiat flow into the market since 2017:
This chart shows me there is a serious downtrend on fiat money inflow to the market which is essential for a new bull market
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
I also want to show you a range i call "the problem zone":
This is a range between 9-11k approximately. You can easily find it by looking the huge sfp candle November 29th of 2017. This range was important even during the crazy run.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
At last i want to add my long-term range. I guess this one is the most important one: