-A range might be developing into a BIG seller reign;
-Potential Fake out on range top in the direction of the big seller territory. (Engulfing bearish candle + inside bars on daily)
-The buyers are testing too much times the diagonal trendline in a short time interval; which could be and indication that they are fading
-BTC (The leading indicator) has ...
My Idea shares about a Long term hold opportunity for Bitcoin back to $17000 with a short term
counter-trend trade opportunity from 9000-$9300 area.
Average Holding time: 2 Months
I might start the long positions accumulation from $8200 !
Trade with care and good luck!