BTC: fud bear bull mixed market

Hi all,

For the past couple of days, we had some weird fud and 10,000BTC transferred to different exchanges and etc. But, for short term trading, we have H&S pattern.

Notice that volume doesn't follow that much as it forms Head and Shoulder but still for those who trade day-to-day, we can sell, just step back a lil bit, and watch how it goes.

Definitely, BTC price is not going down and trying to breakout 7300 but failed so far. we can enter a new position after BTC decides which way to go.

评论:

margin trader,

we have more than 48% profits as of right now, current btc price is $7153.
we can liquidate AT LEAST 1/3 of our short position here
since this falloff doesn't come up with huge volume, this candle may be end up with hammer possibly.

Risk management is important !