The move we saw this morning, is what i said would happen, short covering. They will try to do the same with a break of the 9500, allot of stops are built up there, around the 9600 probably, so if they can push it through, we should see a quick move above the 10.000. I will build a very big short position when we get close to the 10K. Target is 10.500, but i think it will fall short at around 10.200. Whales, manipulators, stakeholders, whoever they are, will try to unload as many Bitcoins as they can again at those 10K+ levels.
For more info, read my previous few charts with all the many updates!
That big volume bar conforming the breakout below the neckline. It's 100% guarantee of course, but there are several conformations.
My decision why i had added early at 9780, was is saw bigger sell volume bars than buys, and the Alts show a more bearish picture on the shorter time frame.
I still hope we go higher, but if not, i still have 40% in of my big short position
That small trade i made is already over :)
Price dropped again below that neckline, it's not a real H&S, but still something NOT to ignore.