Bitcoin is staring at the abyss. Will it bounce off the 50DMA to grace or jump off the cliff to the 200DMA completing a broadening wedge and forming those fateful golden arches of doom echoed on smaller time frames...
Fake out or breakdown. Cash is king till we have confirmation of a restored bullish inflow.
Best of luck getting good entries and exits
The Chart speaks for itself
Pick an outcome from A through L
Win an applause if you are the first to guess correct!
All the bears are showing their teeth in the trading data...
Will they just get massacred by the bulls in the spot...
I guess "B"
Join in !!
It's been a looong wait in BTC terms but the 30.2k target of the massive broadening formation is in sight. One more scallop vert and its home and hosed. She moves like a bucket of bolts these days without Chinese Miners banging her up. Congrats on those that spotted the goal and had a good entry. Keep lifting those stops or just sell when the trend collapses and...
