Bitcoin is currently holding on to the 200day EMA support, and we may see a small bounce to the resistance of $22.3k before continuing down.
More short opportunities to come once it hits resistance again.
My hypothesis has so far played out flawlessly. Have continued to make money shorting. Meanwhile, the thick orange line has proved strong resistance to bounce off. The new additions of White Shoulders indicates a Head and Shoulders playing out right on top of the 200 day Moving Average. Should we break the 200 day again it's a quick 10k move down.
