Bitcoin is currently forming a massive pattern on the with a clear cut neckline playing as support. Conformation of this pattern will break the 9.4k support and send us into the next closest area of support down in the 7-8k range. Ironically the 8.5k Gap is in that range... coincidence, I think not.
Daily turning a cross (massive sell signal for Algos)
Weekly already in the red
coming to a close, with pattern. Double indications
I am long term on BTC but prepared to face some short-mid term downside before the next massive leg up.
Lets see how it plays out.