Possible short for BTC down to 5450 - 5650. Safe entries around 6100-6150, but hard to say if it will wick there once again. Overall this trade at current level should be considered as risky, as now Bitcoin is at 5980 support, so hard to forecast move direction (for weekend at least). What is clear, is that there will be volatility, as current volume is too low to hold the price, unless some whale bulls pump it up.

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When price is trending, it’s best only to look for trades in the same direction as the trend.

For example, if price is trending upwards, only look for buy positions.

It’s simple, downtrends are made up of Lower Lows and Lower Highs where as uptrends are made up of Higher Highs and Higher Lows.

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