The strong reversal zone tested +6 times is also coupled with MA's resistances, as you can see in the image.
daily MACD bullish crossover, head and shoulders completed with 2900 target, strong reversal zone destroyed, 2610 resistance broken, back above pink trendline...
This could be the potential bull trap before the capitulation but too risky to short now imo, i will wait to see bulls weakness going below 2610
it changed quite a bit in 10 minutes.
THIS IS BITCOIN!!!! LOL
could be this the epic bulltrap in a silver fashion?
But technichally i think it is not a good place for a mid term short. All trendlines broken, key resistance broken, 2620 resistance broken, bear divs cleared, daily macd crossed bullish...
I'm personally out, im going to take some days off, sold my trading bitcoins and will come back in a couple days to see how this settled
Now it is looking better for a short, if 2610 doesn't hold add to your short. I will reopen if we do (i got stopped earlier today for my main short, and already covered a small short i did from 2660 to 2620)
Tracking carefully the price, i want a short setup to get in.
here i have my first public idea shared with you my fellow bears, not the best chart, but i think the idea is clear xD