Bitcoin / Tether USDShort
If BTC is set to fall and no one wants to hear it...
Updated
Bearish engulfing on the 4-hour with continued downside.
I think we are going to see the daily close even lower than where it began today.
As forecasted yesterday we had a sweep of the highs.
Now the bleed-out begins.
Expecting a shooting star close on the daily and then the fireworks really begin.
Last month we closed with a clear reversal candle and monthly volume has been lessening since January.
If big players are propping up the market then they can do so but I won't be fooled.
Get out now. Wait for a big bloody weekly candle or two before jumping back into this market.
My .02
I think we are going to see the daily close even lower than where it began today.
As forecasted yesterday we had a sweep of the highs.
Now the bleed-out begins.
Expecting a shooting star close on the daily and then the fireworks really begin.
Last month we closed with a clear reversal candle and monthly volume has been lessening since January.
If big players are propping up the market then they can do so but I won't be fooled.
Get out now. Wait for a big bloody weekly candle or two before jumping back into this market.
My .02
Note
Update: We did not close below the daily open, but we have since continued much lower. This is going to be one heck of a bearish week for bitcoin.
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