We are currently in a support area, but I wouldn't want to be caught long here moving toward this weekend. I might watch for a short squeeze to the low-mid 7k range before a drop to 6600, possibly the 5900 area. I definately have a bearish bias looking at the chart and indicators, but I'm so fkn bullish on bitcoin its insane.
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I had a short position trigger at 7050. Everyone else seems to have switched to long bias, but i'm expecting atleast 6600, possibly 4k. SL is at 7200.
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Watching 2HR for a h&s type formation with a big wick on the right shoulder. keep stops wide, will exit position if we close above 7200
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Very very wrong :)