BITCOIN's volatility is back, as many were expecting, but together with volatility also risk of being fucked has increased.
One example of that is the following that just happened 1 hour ago.
Bulls trying to defend their territory pushed the price up in a successive chain of 3 green candles on the 15'time-frame, short killing.
Once touching the 200-EMA on the hourly chart the reaction downwards has been explosive:
Meaning recent longs going as well to the butchers:
Fortunately, I don't have opened positions...and knowing that the BEARS still defending strongly I think I am going to stay away from opening any for the moment.
Market status is now INDECISIVE .
I'm sharing only my quick trading Ideas here, not financial advice at all ;-)
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
