Looking to short if this rally turns out to be a bull trap, if it starts breaking out to new highs, short will be closed. However, this is what I think is happening on BTC: (image linked below). I still think 4500-5k is in play
blogs-images.forbes.com/jessecolombo/files/2014/02/stages_bubble.png
blogs-images.forbes.com/jessecolombo/files/2014/02/stages_bubble.png
Trade active
Note
Check the rising wedgeinvestopedia.com/university/charts/charts7.asp
Trade closed: stop reached
Stop triggered. Looks like we might be on the way to new highs
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.