BitcoinLong
it's fked
Updated
we lost the trendline :( weekly rsi also took a nosedive
Note
of course things are never so simple, there is gonna be some retracement so i am expecting something like a right shoulder. It would also make for a perfect bull trap. Right now I am bearish on bitcoin(some alts might pull through during this period, some pairs looking strong who knows?) Short term a retest of 42k is possible, we will see increased volatility in the beginning of the coming week. I would advise against shorting mindlessly, it is very clear on daily macd and rsi that some relief is brewing, but longer term TFs are trembling.
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