Hopefully we will be able to re-enter longs at 6100-5900
its a pussycat, and we all know what happens to pussies.
Look at the similarities
Just another confirmation that we are going down
We are surtenly going further down
Ive been right almost every time the last few weeks. Have a look yourself
Good time to be shorting
Now we just wait for the doublebottom before takeoff!!
Looking at both 15m and 1hr chart, there is no doubt about the bear-flag. I do however not trust it, and concider it 50/50 wether we go up or down from here.
as seen on chart
As shown on chart. the wedge has been broken
This is the time to short. The time to Long will come some time during/after the summer. WINTER IS COMMING
According to the trendline, now is a good time to short
So far, BTC has not yet reached a RSI over 60 while in bear-market. We are now at 58, which in my mind makes it clear that we will start the decent towards 6900-7000 within the next few hours. Current position: Short 100.000 @7560
Concidering the fact that we still have not broken the trendline, i concider the market bearish. I expect us to fall very steep when closing in on 8350-8400. Institutional money will not buy BTC for 8000 a piece.. Its just crazy. We need to revisit 6000-7000 USD before breaking out of the trendline. My current position: Short 80.000 USD at 8200