Bitcoin Shorting Time
Maybe this pattern is a bit too obvious, but it repeated itself frequently over the last few month. BTC tends to go on a bullrun for 1-2 month and then we have a big pullback of 30-40%. If we break the 30 EMA on the 1 day chart it seems to go down really fast until it hits the 100 EMA for 12-24 hours. Seems like a good time-window for big players to get back into the game and prepare for the next bullrun. So we actually had quite a heavy drawback a few days ago, but it was a really short candle with quite a hard bounce and many people could not really react to it. If we follow this scheme, there still has to be a drawback. If it is 40% again is another question. We have strong support at the 6000-6140 area. I am scaling in from there.
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