Bitcoin now at a major decision level of 10.000. Having been twice not allowed above the level. If the level stands then the target is 7-6.000. And if the momentum is right, who knows, even 3.000 is possible.
But it could be that the fundamentals have changed and we will see Bitcoin go up to 14-15 thousand.
In that scenario, we will see a breakout up above 10.000, then a pullback and retest of the new support and then massive move up into 14-17.000.
We might see a small pullback from the current resistance though, before the breakout, just as squeeze, to collect some stops liquidity. So beware.
I will post a pullback trade if we get to that moment later.
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Wish you all best of luck in your trading!
Komen
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If the level stands, the hedge funds will start shorting and push bitcoin to 5k level. If it gets above 10k properly, it will be a confirmation that the conditions have changed and a signal for hedgefunds to buy more and expect a rally. Moms and Dads will join in on the movement by the end of it, as it was the case the last time.