Hi guys!
It seems we had a false breakout. We did not have enough volume to push the price higher.
Reversed hammer/shooting star is forming = strong reversal sign.
Closing below mid-term downtrend daily means we are still bearish.
First target is 9.3k, our previous low.
The question is: What is a good entry point?
Wait until Bitcoin pulls back or consolidates and breaks out. Right now it is in no man's land. If it goes up you make a little, but it if goes down you lose a lot. Wait for a better risk to reward opportunity.
On this Hourly chart, Bitcoin has already broken out from it's flagpole at 3260, and Bitcoin continues is...
