BitcoinShort
BITCOIN short
Updated
BITCOIN is an highly emptional security and it shows clearly in the daily chart with the rising wedge pattern that usually ends up with a dive south.
There is a strng resistance and lots os small lots trying to push from below but not (yet) strong enough to breakout up.
It looks like small retails are desperately routing for the push up and badass hedge fund loading their short with this dumb money liquidity.
The hanging man candle is not promising at all neither and it is bearish.
We are going to observe closely the 4h chart and waiting for the confirmation that the slaughter started and will try to ride it SHORT
There is a strng resistance and lots os small lots trying to push from below but not (yet) strong enough to breakout up.
It looks like small retails are desperately routing for the push up and badass hedge fund loading their short with this dumb money liquidity.
The hanging man candle is not promising at all neither and it is bearish.
We are going to observe closely the 4h chart and waiting for the confirmation that the slaughter started and will try to ride it SHORT
Note
Chance is comign our way as predicted. No we need to be patient and open the short at 4h (or 1 h) timeframe on price action
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