Big gap up on futures tells me that pros/institutions are long btc i am expecting a pump to 7k, confirming bullishness
if it fails on the 200 ema then should short down to 6k (and further)
hesitant to trade the current btcusd as futures look like they are either pumping the underlying for a better price to short or the gap up is long start of a pull back.
Will see when the 200EMA gets tested.
if it fails on the 200 ema then should short down to 6k (and further)
hesitant to trade the current btcusd as futures look like they are either pumping the underlying for a better price to short or the gap up is long start of a pull back.
Will see when the 200EMA gets tested.