A week back people were bearish and no one wanted to long when BTC hit the 8100 area and BTC pumped and started trading under the rising channel. That move ended up being a wick in HTF.
Now people are bullish and I must say very bullish. This is the concern.So we may see an impulsive move to the upside and then a big correction.
Currently BTC is trading under an ascending triangle which is due for a breakout. As per chart the breakout should happen within the next two days and 8 hours.
MY STRATEGY FOR BITCOIN:
I will try to lower my exposure from BTC within the area $9900 to $11680.
THE SAFEST EXIT IN MY OPINION WOULD BE within $10400.
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