Bitcoin
Short

The DIP in Bitcoin confirms and persists...

116
Last week I posted about the suspiciously bearish signal in Bitcoin. Turns out it was correct. *back pat*. The one day spike was followed immediately by a -5.85% reversal. Nothing beats liquidity.

Yet another SUSPICIOUS Bitcoin Signal


The question now is do we go up from here? My eggs are in the 'no' basket. While it's true that overall we're in a bullish flow state, the yellow countertrend signals should always be respected. After all, they are precursors to trend changes.

snapshot

... and the times it doesn't signal a trend change, it still portends a short-term move or contextualizes one that has recently occurred.

So my expectation is that we see $28K before $35K. And hey, if the dip reverses with a green bounce, well then probably a good idea to pile in because that would be -- as the kids would say -- bullish af.

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