@mendatrades Green didn't work because retail was offered buy positions, price retraced below 50% of the move which created liquidity at the significant swing low below resistance.
Red worked because price didn't trace below 50% of the move and buy was position was not offered to retail.
@mendatrades Yes, how do see it play out, do you think price will sweep highs at $212 and then continue it's way up after some consolidation or more chances of attacking SSL at $164?
After a significant upside from the current lows on #BTC (+33%) it has come to a logical spot to hedge your spot positions
This is not the same as being bearish
This is imo also the last significant resistance before, if broken, a fair repricing above Y/O to 100K takes place