I'll keep it simple: I like bull runs, but we need solid evidences and reasons to jump in; yet I can't see those evidences, there are some which I discuss here as my B scenario, but first my bearish point of view:
the daily chart of Bitcoin BTC/USD in Kraken market.
a hidden bearish divergence pushed the price to the lowest levels this year, a second attempt to the bottom of the support zone.
Bullish scenario for BTC:
the bullish divergence in the composite indicator and price, not yet confirmed and needs a candle confirmation, indicator confirmation or my favorite method: trend confirmation. so I will wait till the purple downtrend line breaks, then 37k is my target upward.
and what if both scenarios happen?! :) first I enjoy the short and still have the opportunity to take the bull ride... money rains mates!
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