nemo im getting the feeling this is a trap/fakeout rally. exactly like you proposed. trying to short a couple garbage unknown altcoins right now. this just feels TOO easy to keep going up from here.

not convinced it has to keep going up anymore.

every amateur T.A. person there is became bullish when bitcoin got above the 200 day moving average... the whales know that. i like to do the opposite of what the herd thinks.

[imgur] [link to imgur.com (secure)]

bitusdt (absolute garbage coin)

the blue circle on the left was price action above the 100 day moving average

the white circle on the right was price action above the 200 day moving average

in my opinion, they look very similar right now.

the downsloping channel was using the daily candle closes... at we are at the top of the channel right now.

and it just... man. it looks perfect to be a top right now.

anyways. sold all my stuff. trying to short this and another coin right now. we'll see how things go. don't think i'll be bullish for 2-3 months again.