


Currently BTC is being tested in a channel. The strength of the Bears is clear, any slightly attempt from the Bulls is being rejected. Being Short is the most conservative position at this time. From my point of view, is going to break this channel.
Is important to consider that affectation of the BTC is not only related to Cryptocurrencies, the negative correlation with $VIX is pretty clear. There's an "investor fear" in the ambience. This is affecting huge the volatility of the market, this also affects Bitcoin, as the investors feel more comfortable. Cryptocurrencies are being volatile during this period...
Despite of Bitcoin, $IOTA is increasing the volume and the price, and it RSI at 50 is broken, which is giving us buy signal. Disclaimer: This is not a financial advice
The price of BTC has been fluctuating in the acummultation zone, with no signals to go short or long. We may need to wait longer. However, We have seen any attack from the bulls has been rejected with strong force from the bears. That means the Shorts are stronger than bulls, is clearly that bulls are in disbelief and the efforts to make an impulse are exhausted....