Short

Warning: Bitcoin bearish scenario happening now

Updated

I advise you to watch my video that I posted earlier today. If you're not convinced that it was a bull trap the last long green candle we had, than you must watch my warning video and save yourselves some money.

Good luck and thank you.

Note

So far the daily chart and the daily RSI Bearish divergence been respected within according to my warning.

Note

We are only 0.5% away from reaching and having a contact with daily divergence line. That should give Bitcoin price to play up the $49530-50k zone. This is the zone I will expect the avalanche to begin from that high. It could start today or tomorrow.
I'm not turning bullish until the price cross 54k.

Note

The yellow line above represents the stiff resistance around 49.5-50k

Note

Another thing forget to mention on the chart, when the price cross over $49300 the Supertrend indicator will change to buy signal, because the change over could happen between there and 50k...Many will buy here and get trapped in before the signal change after a very short period to sell again. Be very vigilant and ready.

Note

We are there guys, my short position in place ready to roll up and Bitcoin to roll down. Hope you are prepared, I have my stop limit losses been set as well just in case. If the price breakouts upwards breaking the 53k 54k zone against all odds I will swing back and buy my long position. But for now the time is coming in my opinion for correction, it could take days or weeks as I expect a slow bleeding on the way down, during that time people and investors alike will start feeling the pain but they are in the state of denial and anger.
Good luck guys. I will post a new analysis after the breakdown start and keep the wiser of you updated because the ignorant never gonna believe until they lose most what they have.

PatrickHob

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