Accept the crab and keep it simple. We just had some large moves and need to consolidate for a bit. Just long and short the crab as we move through this range.
Bitcoin has been on a great run since June lows. It has been following a strict trendline for over 30 days. It has just now cracked that trendline. I expect much lower from here.
The market is not ready for this type of relief rally. I am betting on the probability of it continued downtrend to 38k. Though I'd be happy to be wrong.
I think the current downtrend might be too steep to continue but if not we could see 38000 in 6 1/2 hours.
I think we can break out of this channel. Oversold if you will
Today the bears got together and in the worse of rituals and have summoned the mighty BTC Demon tail formation on the charts. While rare the damage done to bulls psyche is long lasting
This trendline has been respected before and I could see a retracement down to it.
I'm drunk maybe this shit will happen ...maybe not. Maybe they shouldnt make me use so many characters for a post
Has been in this wedge for a few days now. QQQ Monday will be the biggest factor if it doesn't play out today.