BITCOIN THOUGHTS. 11K, SHORTS NOW TRAPPED AND NEW HIGHS ON THE CARDS

Coin Telegraph

GOOD AFTERNOON STEEMIT!

I don't even know what to say about Bitcoin anymore, so I'm going to let the charts do my talking. They do say that a picture tells a thousand words afterall!

First up, take a higher time frame view with the daily:

BTC/USD Daily

$11,000... LOL!

Now look at that candle that I've marked. Looked a pretty juicy reversal candle at the time, didn't it? Well I wonder how many shorters are now caught in their position and will have to dump it higher. I can easily see new highs on the back of some sort of stop triggering type price action.

Now zoom into the intraday charts and...

BTC/USD Hourly

...Yep. That's the pullback, LOL!!

Just unfuckingbelievable. My words are gone.

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Finally, here's one for the #teamaustralia brigade:

I can't stop laughing!

Happy Thursday :)

Peace.

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