Hi guys sorry about how I haven't posted any updates for a few days. I didn't write about how bitcoin nearly broke resistance but couldn't and fell down. It is currently coming the end of a little pattern formation.
It entered going down and it will exit going down. The MACD is confirming this at the moment. The daily chart looks pretty bad right now so I'm thinking we will see $18,600 before there is some form of a reversal to break the upper grand master yellow line. Once we see a daily close above that with a decent candle, strap in or strap on because that's when you gonna see some serious Bitcoin action.
I was confident it wasn't going to break out when it touched my upper grand master yellow line. Because the MACD was going sour well in advance. Sucks for the longers when they all got liquidated a total of over 30 million USD. I also think Bitcoin isn't done with the short action. Like I mentioned before.
Stay sharp out there and good luck. 👍
It entered going down and it will exit going down. The MACD is confirming this at the moment. The daily chart looks pretty bad right now so I'm thinking we will see $18,600 before there is some form of a reversal to break the upper grand master yellow line. Once we see a daily close above that with a decent candle, strap in or strap on because that's when you gonna see some serious Bitcoin action.
I was confident it wasn't going to break out when it touched my upper grand master yellow line. Because the MACD was going sour well in advance. Sucks for the longers when they all got liquidated a total of over 30 million USD. I also think Bitcoin isn't done with the short action. Like I mentioned before.
Stay sharp out there and good luck. 👍