darkproton77

BITCOIN is poised to hit much lower

Short
COINBASE:BTCUSD   Bitcoin
With all the negative news surrounding cryptocurrency (Binance, Coinbase, Gargomoyle eh Gensler), most traders are looking at short term time frames and are concluding we will have a continuation of the uptrend started months prior. However, A quick zoom out on the weekly and using a rather reliable indicator for BTC we see a different story. Using just bollinger bands, we see btc has broken the avg and is beginning to head for the lower band. Looking back on the weekly, we see when btc has broken in either direction, it establishes a move to at least the upper/lower band. With all short sells, becareful and it may take a month or so to flush out, so be mindful when on margin. Stay Fresh and sexy friends
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