Bitty is gonna come down because:
- Too much longs are still open (opened by traders at lower levels) so they need to be wiped out
- BTC futures expiration this Friday, pain is at 53-54K even though 58K is stated as max pain price
- Market is still too optimistic, we need more fear for a reversal and that fear is about to come
- You are still opening longs...
bounce off of volume supported BINANCE:BCHSVUSDT resistance considering that is the name of the game in their so called "pump" war (this aint no hash war imo)
& if not expect a low near mid 100 teens once more?
This is a Daily line chart showing an unbroken downtrend line.
We have half of a 535 correction.
We have a .618 retracement for a possible ABCD diamond.
We do not have a higher high.
This could be a good time to lock in some profits if you havn't already. I have gone 25% to tether. That way i'm happy whatever happens.
