I think this is a failed impulse wave up after the ABC completion. On this current impulse up the A and B wave have completed and there will be one more push up for the C wave before another collapse. The 4 hour ichimoku is providing good support. I think it should hold. Also usually Friday and Saturdays have played a role on prices pushing up. However, the longs vs shorts on Bitcoin are way out of balance making me think there will be a long squeeze to happen after the C wave is complete. Longs are at about 20k contracts to shorts 10k contracts.
SL: 10759
TP: 12677, 13185
SL: 10759
TP: 12677, 13185
Komen:
Longs vs Shorts
Komen:
I raised SL to $11273
Komen:
Stopped out in a little profit. The longs vs shorts just make me feel uneasy. It may keep going up but there’s gotta be a long squeeze soon I think. Plus Sunday and Monday are usually bloody
Komen:
Should have only has a parial stop lol well I’d stop was 10800 tps are same
Komen:
If stop