Showing Bearish Signs But Not All Dark & Gloomy
Hello Everyone here is a quick summary on what I'm thinking happens next. As much as I want Bitcoin to finally break $12,000 we will need to take a rain check in the short term. Bitcoin on the 4HR has ST Support around $11,250 and major support at $10,800 and $10,500. I am not at this point joining the crowd that is calling for the Gap Fill at $9,600 but the longer we remain above $10,000 the more bullish our sentiment will get overall. Daily MACD is finally coming down and ST time frames (1HR & 4HR) are flipping bearish signaling down so I am expecting a dip to the 10.5-10.8 Support if/when we finally break $11,250. But I'm holding off on shorting till we get confirmation at $11,250 as we could easily test the 11,500-11,600 before this occurs. Good Night and Ill update everyone once we get some price action, Thank You!!
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