The recent Friday pump closed the last portion of a gap left behind from the May dump. Price reached the 0.786 Fib extension and there no upward liquidity left above. I theorize that this was a liquidity grab before heading down. I am wrong if price pushes above 63K and the 0.786 fib and SR flip that level.
At the moment price action is very bullish, taking a short position is very risky and left for speculators who base it on some technicals.
At the moment price action is very bullish, taking a short position is very risky and left for speculators who base it on some technicals.
