Gentleman, the scam has shown its true colors

28 mar 2020

Friends, The scam has yet again shown its true form. I am now on the 4hr tf and i was going to further add confluence to my bearish bias by adding a three peak situation on btc. But i didnt feel strongly about it... now that it has broken down bears must show some follow through. I expect it to retest the top of breakdown area of 6400 giver or take. and continue to slowly breakdown. I am on the defense and moved stop to BE as this could also be a failed swing as my entry lies in the high 6600s. Daily stochs are decisively pointing down now, and could set up for a medium term swing targeting a marginal new low but market conditions are extremely volatile. Having said this i stand by the call and will hold to the 4200-3800 area as i would expect some buyer interest at those levels. lets see how it plays out