Shorting the daily here ~$20430, let's see if it plays out and if so when to close!
I hear it's possible to trade using Barts and cat bounces, here is Bart, preparing a cat to bounce. Using high leverege and high IQ trading I have tracked its trajectory as seen in the red line.
Looking like it might dip down a bit more ...
Is the bottom? Is Bitcoin doomed? lol I have no active trades but perhaps a sign of reversal?
Bitcoin still showing comfortable momentum against this wave of gravitational pressure. I expect to see us break up towards 540 before any major drops. Though as always bitcoin does what it wants. Slight Update
Chart speaks for itself. Apart from I spelt possible wrong!!! Definitely been awake much too long. I'm off to bed :) ---------- Less Sleepy Update I've cleaned this up a bit on my own chart as I was very sleep deprived when I was making it before. But basically my red channel is "danger zone" in terms of staying in a downtrend (though a good thing if you're...
Noticed this today and didn't panic. Perhaps we are starting to tip towards consolidation in the uptrend now however it's enough at the moment to keep me mostly long, but poised to keep an eye on where things go on the longer term charts.
I'm still bullish for now... but shall see how things play out.
Just in time for the weekend too... retest that previous resistance..