Bitcoin is on the verge of making a decent move. the way things are looking with the MACD and the recent price action we will see a bunch of red candles coming up on the one hour chart.
BUT Bitcoin is at a moment right now where it COULD turn around on this middle line and head back towards the upper grand master yellow line. The next bull season will begin once that upper yellow line is broken and then tested and of she goes. So technically if it does turn around now and we don't see this price again this would be the start of the two year bull market to 100K.
I'm still bearish and looking to see it at $18,600 like I mentioned before in my last post. Then it will bounce up from there.. that is just my opinion.
In the immediate short term I am shorting it with the signals.
BUT Bitcoin is at a moment right now where it COULD turn around on this middle line and head back towards the upper grand master yellow line. The next bull season will begin once that upper yellow line is broken and then tested and of she goes. So technically if it does turn around now and we don't see this price again this would be the start of the two year bull market to 100K.
I'm still bearish and looking to see it at $18,600 like I mentioned before in my last post. Then it will bounce up from there.. that is just my opinion.
In the immediate short term I am shorting it with the signals.
