Welcome back to the slaughter house as a chain of bad news pours cold water on our Club Moon rocket fuel. Let's jump directly into the 4H chart. (Last publication failed to notice the chart wasn't on log-scale. Sorry.) From March 1st, the bulls were slowly marching the price towards our downtrend channel top, the volume remained low and mostly sideways trading....
Welcome back to Club Moon!
Looking at the 4H chart, we have finally broken out of the downtrend channel and slowly moving up towards the 618 fib. Noting that the EMA200 has finally made the golden cross with the EMA50 and we are above the bearish ichimoku clouds. I suspect we will see some sideways trading before some BTC Yakuza primes the pump.
I'm guessing the...
