Showing strong momentum over the past few days for Bitcoin a lot of build up over announcements.
In my opinion if does not get approve many investors will be disappointed and you can see sell-off occur.
Currently 2 key resistance is in our way
- Fib retracement Golden Pocket
It is still too early to enter any shorts as it would be a counter trend trade + naked short.
Will start to monitor and start to notice for exhaustion.
- MACD cross
- Bearish divergence
- Double top
- Decrease volume
- Fib retracement (golden pocket zone)
Seems like the perfect fake out with that trend line break with the fib line as the snag
If you are looking to short I would wait first as well. I rather be a bit late than wrong.