Normally, the #Marubozu candle beneath the 62% Fibonacci is a red flag but shouldn't conclude yet since the day is not over, it can turn into a shooting star with a long wick.
But if the candle closed like that and opened beneath the all-time trendline just short the hell out of #BTC!!!
So what's my personal bias if you ask me.
I don't think bitcoin will crash yet, I believe the daily divergence it has created will hold and we will see a midterm bull run to 40-50k.
But if the candle closed like that and opened beneath the all-time trendline just short the hell out of #BTC!!!
So what's my personal bias if you ask me.
I don't think bitcoin will crash yet, I believe the daily divergence it has created will hold and we will see a midterm bull run to 40-50k.