Hi,
The start of the week for Bitcoin bulls is not the best I guess. I had that gut feeling in the morning when I said to my followers that it might start to fall and said that the new ATH could be just a fakeout. The chances of that have risen!
Could or might or whatever but now, for me, it is relatively confirmed. The confirmation came after a 4-hour candle close below the previous all-time high, which should have acted as support, and candle close below the trendline. It is not the full candle close but still, it might be a start of at least 10% correction downwards!
Obviously, this is risky as hell, because who wants to short Bitcoin :D
So, if you cannot manage your risks then do not even try it!!..but for bulls, take out your profits, at least partially - we have a bearish confirmation, as I have said this before: numbers on your screen won't feed your family!
Stay healthy,
Vaido
The start of the week for Bitcoin bulls is not the best I guess. I had that gut feeling in the morning when I said to my followers that it might start to fall and said that the new ATH could be just a fakeout. The chances of that have risen!
Could or might or whatever but now, for me, it is relatively confirmed. The confirmation came after a 4-hour candle close below the previous all-time high, which should have acted as support, and candle close below the trendline. It is not the full candle close but still, it might be a start of at least 10% correction downwards!
Obviously, this is risky as hell, because who wants to short Bitcoin :D
So, if you cannot manage your risks then do not even try it!!..but for bulls, take out your profits, at least partially - we have a bearish confirmation, as I have said this before: numbers on your screen won't feed your family!
Stay healthy,
Vaido
Comment:
There could be a second opportunity to short it but the price of BTC needs to get back up within 3 to 6 hours.
