Looking at our trend timeframe we see price continuing to respect our downtrend, showing momentum is in favor of bulls. Last week’s candle showing a little of exhaustion, will take a look at smaller timeframes for entry.
Shifting over to our pattern timeframe we see resistance has been found at 3071650 satoshis, showing momentum in favor of bears. A daily close above 3071700 activates our trade, however if rejected at this level expect our sell off to continue towards the bottom of our trend at 2000000 satoshis. Until then we sit on our hands, and let price do it’s job = Easy