Gl4diator

Bitcoin - This ain´t consolidation anymore

Short
BITMEX:XBTUSD.P   Bitcoin
With a new local low from last night and now testing around the marked resistance area, Bitcoin is losing one after the other battle, and I am honestly afraid, that we are out of consolidation and in a proper downtrend. Currently, I am not really looking for buy-entries, at least not yet or short-term orientated. To break this, we need more than up-volume, we need a heavy decline around 3k and see the buyers coming back.

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