mortonpeak

choppy water ahead

COINBASE:BTCUSD   Bitcoin
I thought that there would be recovery on our trend, but at least we didn't get a crash overnight. The whole futures thing is like 'shark in the water'

I would like to give the all clear to jump in, but it's not an investable position at the 11K right now. There is plenty of expectation of lower prices -- which validates doing nothing right now

This set of pitches indicate the relative anemia of the current position, the downside is very violent and highly likely. We'll need more confidence at 11K, and a rising EMA (green line) before jumping in. There is no adequate strength to reach 13K or similar right now

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