BTC getting ready for A CRASH!!?
Updated
i see a possible bear flag in formation from the last dump from 7400 level , and things not getting good for BTC since the flow of money getting weaker and weaker , the possible outcomes for now
ill prefer to keep shorting 6600 level (21 ema) and close the short if we get a daily close above 21 ema(orange line) aka the change of trend and i would like to open my short again at 6900 level , then a possible big dump
most important , the btc can top out at 6600 this time and may get a huge dump towards the 5k levels , just a matter of time
market is not mature enough and too manipulative and volatile so i don't think any bullrun inc soon
ill prefer to keep shorting 6600 level (21 ema) and close the short if we get a daily close above 21 ema(orange line) aka the change of trend and i would like to open my short again at 6900 level , then a possible big dump
most important , the btc can top out at 6600 this time and may get a huge dump towards the 5k levels , just a matter of time
market is not mature enough and too manipulative and volatile so i don't think any bullrun inc soon
Note
ill only close my short from 6600 if and only if we get a daily close above 21ema on non weekends , long if that happens and short 6950 again , but it doesn't seems happening IMONote
lets see if bulls can protect the 6300 ( a good place to long ) , once we break 6460 , we could see a rally upwards to 6600-6650 and then i think we will DUMP hard
Note
a 4H close below the bear flag , doesn't looks good for bulls if bulls doesn't manage to get it above 6450 today then we are most probably going much lower
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