Interesting inflection poin here on the Bitcoin hourly chart. We initially had a look above range and fail which prompts a trip to the opposite end of the range and now have done the same on the opposite side. We need to look to the slightly bigger picture and we can see boxed off the initial look above and fail was the beginning of the next leg lower. The price...
I have a hard time ignoring how we have crashed into resistance here at the rate and strength we have. This should lead to a few scenarios that could play out. This next week will be critical to overall direction. Generally in my experiences when we approach support or resistance at this pace its tough to get rejected back out.
If your bearish (which I am) your...
