To me this looks like the inevitable dump, bitcoin however is known for bucking the trend so its far from guaranteed, just everything in the world at the moment seems to be telling me to go short and yet bitcoin is still not dumping!?!?!?
Watch todays youtube video for more information on this chart!
$Btc in crutial phase as Bulls failed to bounce back so far.
Bulls need to do the following to prove they are still alove:
1. Need to close above 9.4k tonight
2. If (1) fails then need 2nd line of defence would be 8.7k
3. If both (1) & (2) fails then Last line of defence would be 8k
P.S. $Bitcoin decides the market trend for the complete market.
If it reverses...
I guess a BTC Crash is near ahead us and we will see unbelievable low prices in the near Future, but let the Chart speak for himself.
I love BTC but i will short every Rallye til 10.5K Upside breaks.