BitcoinShort
BTC analysis
I'm not liking what i'm seeing. We are now hitting what the chart shows as the floor (support). I use 6150 as my floor. It's not totally clean since some bottom points are bouncing between 6120 and 6170.
Nonetheless, we are now at 6040 and have had 3 red candles in a row. The positive is that the red candles have been under 6k and we have not been hit by a 15k or bigger candle as of yet. This 6140 mark also broke through my fib levels to below zero.
Every month since December of last year we have had lower highs. It drives me nuts when people kept saying that there is a massive upswing ahead. Show me the proof because with decreasing volume that doesn't seem to be happening anytime soon. At this point i'm just hanging tight, but my chart is telling me we could be in for a downturn where we could touch the 5000's i.e. like 5900's as we did in July 2018.
Just be honest...don't try to be a car salesman and sell me the moon...lol :)
Nonetheless, we are now at 6040 and have had 3 red candles in a row. The positive is that the red candles have been under 6k and we have not been hit by a 15k or bigger candle as of yet. This 6140 mark also broke through my fib levels to below zero.
Every month since December of last year we have had lower highs. It drives me nuts when people kept saying that there is a massive upswing ahead. Show me the proof because with decreasing volume that doesn't seem to be happening anytime soon. At this point i'm just hanging tight, but my chart is telling me we could be in for a downturn where we could touch the 5000's i.e. like 5900's as we did in July 2018.
Just be honest...don't try to be a car salesman and sell me the moon...lol :)
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