Bitcoin
Short

Still in a running flat

123
Still dealing with a running flat. We've broken a long term trend line so personally I'm leaning more bearish so I'm still in my short. It's going to drag out, but hopefully we can get a move down to $6,400. However, there is a possibility for an extended 5th leading us up to $7,800-$8,500 depending on how bullish it is. Although not likely, if things turn impulsive to the upside here I plan on trading it up. Invalidation for an extended fifth would be a break below $7,230. Ultimately, if we do get an extended fifth I'm still planning on shorting the top as it would become an expanded flat.

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