The adventure continues the market has shown quite a good momentum, but in the other direction. There are two scenarios I will share my opinion.
The market needs shortists, buyers from the levels of quite a little 6198$ - 6700$. Let me remind you we have been trading in this channel for about 1 month.
And when all begin to gain short positions to put stops (6450$ - 6900$) the Market will go against the crowd and begin to shoot down the foot, I think it will be a key turning point of the market.
This is most likely bear trap I think, and will the shorts squeeze the big players if they want to stay on the market dangerous to lower it to 5200$.
Option two, $ 3800 until may. But it does not want to believe.
I hope until the end when the cryptocurrency market will draw a reversal.
So here is the trade idea. Management risk 1:3, 1:6, 1:9! Successful deal.