There's no doubt that with the volume behind it, Bitcoin wants to make a push to the liquidity it will find between 5800 and 6300.
If this push happens quickly, the profit taking of those who got long anywhere below 5500 as well as selling from everyone who bought at 6k and is waiting to get out at break even will cause a massive reaction back toward support at 4200, which is yet to be tested.
A short taken at 6150 with a stop above 6400 could be the most profitable and fast trade of this year.
HAGW!
If this push happens quickly, the profit taking of those who got long anywhere below 5500 as well as selling from everyone who bought at 6k and is waiting to get out at break even will cause a massive reaction back toward support at 4200, which is yet to be tested.
A short taken at 6150 with a stop above 6400 could be the most profitable and fast trade of this year.
HAGW!
