The 1hr is showing us we have found a temporary support level. Could consolidate here and then hopefully push up. If it breaks below this line and stays there we will probably see shorts start to pile on.
Bitcoin is showing you what it wants to do. Why deny it? Let the shorts pile on and watch the liquidations come. This big ass bull-flag is only a preview of things to come.
Lots of bullish price action going on. Personally opened a small long to see what happens. Will update as the price action continues to be bullish or if we see a bearish divergence.
The price is now right around the 200 ma on the 1hr chart.
It could not hold a price above the 200 ma so far and that shows us that we can see more down trend on this coin.
Bitcoin is so over bought. The dips happening fast and with the 50 ma now under the 200 ma on the 1hr is showing a nice drop in price coming. Get ready to buy the dip for the rebound if scalping is your thing.
Or you can hold a short from here deep into under 5k.
I know it gets redundant. Still filling shorts at these levels. I firmly believe we will visit a price under $5k in the near future. This 1hr chart is showing the dump starting.
The golden cross bubble will pop soon. Adding more shorts from here until the 50ma rises up and then we will see the down trend return. Just my 2 sats.
I feel there is to much hope in the market right now. Still looking at buy entries around 1k-1.5k and going to keep adding to my shorts on spikes until target is reached.
