BTC Update. Don't get too excited of a green candle..

So we've just broke the bear-flag. In my opinion just a short term pump (and probably dump). Kind of crazy how people react to one green candle after a huge dump before.

Personally, i'm still waiting at the side line to wait for more confirmation before i make any decision. So for now, probably going to stay inside the red channel and high chances it will go down again. Break above 6800 could lead into a (short-term) bull-run. Time will tell.

Comment:

Making a small short-term bull flag now witch could break out to the top of the red line at $6800. RSI overbought and now heading down.Probably going to play out like the circles and retest the supportline at $6500

Comment:

Mini bull flag went to the top of the resistance line. Still a big bear flag in the bigger picture. Wouldn't be surprised is it falls from here. Break out above 6850 (with confirmation candles) will abort the bear flag.

Comment:

Heading down a bit. Also notice the RSI on the 4H chart. Lots of resistance at the 60 level.

Comment:

Bearish divergence... Bulls are exhausted

Comment:

Headed down as of the recent Bithumb hack. Probably going to test the supportline at $6500. But be aware of a heavy drop if it breaks down. Expect a big sell off if it goes under $6K. Stay safe.