REMEMBER: We are in a BEARISH market.

17 Mar 2019

Market sentiment is moving towards a more bullish outlook. Every time this has happened in the bear market we have had a very big drop.

12 hour chart on BTC points towards a bearish divergence.

Major altcoins also printed bearish divergences earlier.

Do not be fooled by market sentiment. Remove your emotions from your investments and trades. BTC still has a lot to go. This looks like a distribution phase before the next drop. We could get a few bull traps on the way but I am still swayed towards a bearish outlook.

My stop loss is at 4250 (on bitmex).
I will slowly build a short position at the current market price.

Expecting at least a re-test of the bottom (3k).

22 Mar 2019

Not

Bottom of the rising wedge was tested. We are now in a bearish wedge within the bear flag on the 1 hour chart.

Expecting a drop this weekend.

Everybody is too bullish.

23 Nis 2019

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