- Bitcoin was looking promising last week as we had entered into the midrange of the guppy EMAs but that strong rejection has caused the faster moving EMAs to drop back below
- We are trying to close the first one here with a Blue momentum candle but the way we close the daily will tell us more on whether this is a sustained moved or just a bounce before lower
- We did get the pink pivot candle a few days ago but the reversal candle we were waiting for never came to fruition and we did see a large dark purple candle show up on the spot exchanges, indicating massive selling on that dump
- If bulls thought they were in control, that was a very good sign showing who is boss
- Keep an eye as we re-enter the net here
Thanks guys!