Bitcoin FAILED 100k!

6 Des 2024

BTCUSD FAILED a breach of 100k! Now it has setup my Spike indicator perfectly for a 3:1 Reward/Risk back down to retest the prior ATH at 73811. I could not have asked for a better setup.

I refused to short this rally... knowing better than to get in the path... waiting for a signal. That has now happened. This has been the most interesting Daily candle of the whole rally. Over the past 24 hours the social media sentiment has gone from exuberance at the break of 100k to now slamming back down inside the prior pre-100k high. THEN... right before the bar close a volatile selloff. How, why, does not matter. A chart is a record of human emotion expressed in price.

The party could be over.