Nothing new to say here the bias is still obviously bearish. On the W time frame (even tho its only Wed) our current candle so far is looking like a bearish engulfing thats hovering over our previous indecision candle The past 18 weeks not only were we traveling inside of a bearish channel but every weekly close was bearish including the parabolic move that we had on OCT 21st where we closed with a Dark Maul bullish candle and even tho it was a bullish close the candle itself was still considered bearish. Hence why around that time i stayed away from going long and instead we ended up going short. Anyways in order for the trend to reverse we need to close above 9,500 The start of the reversal could be considered at 7,800
Daily- we just wicked towards the upside.
Bulls did not have enough buying pressure to get above our dotted trend line or even the Weekly Resistance at 7,350. Currently this looks like a bearish retest. The bearish Target on BTC remains at $6400
Please be careful trading with High Leverage as I'm sure you guys have noticed the unexpected extra long wicks on BTC
Daily- we just wicked towards the upside.
Bulls did not have enough buying pressure to get above our dotted trend line or even the Weekly Resistance at 7,350. Currently this looks like a bearish retest. The bearish Target on BTC remains at $6400
Please be careful trading with High Leverage as I'm sure you guys have noticed the unexpected extra long wicks on BTC