BTC continues its crazy run but ran into serious resistance here at around $5,500
It was an area where we paused right before the dump to new lows. If we can break above this level than 5800-6000 is on the cards.
Hedging long positions here would be a smart idea in case we do pullback as the gaps below are plentiful right now to go and close
A close back below the breakout and closing of the gap right under would spell pullback lower into the 4ks
Thanks guys
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So far, called this drop to the tee! Supply zone filled nicely and caused that nice drop. Whether this is profit taking or the start of a trend change still needs to be seen but this candle is U-G-L-Y