Bitcoin - Bearish Wyckoff Spring and Bear Flag
Updated
Contrary to my last two charts I'm changing my position from Long to Short. WE just broke out on very little volume - this stinks of a spring and the bear flag may play out - leading us to new lows.
I'm short here with a stop above the recent high as a hedge to the rest of my alt portfolio continuing to dip.
Like and comment if you appreciate the analysis - feedback is always welcomed.
I'm short here with a stop above the recent high as a hedge to the rest of my alt portfolio continuing to dip.
Like and comment if you appreciate the analysis - feedback is always welcomed.
Note
We've seen another weak push up which is reflecting bear div on the RSI - short is still the play in my opinion.
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