Looking on the 4 hour Bitcoin chart. We have had a clear break of the long term ascending trendline and in turn have created a lower high. As we got the strong bounce off the $16200 range, its expected that a short term rally will occur. Hopefully rallying up to my short zone where we have many confluences suggesting that the price might reverse to much lower levels where i will enter short positions. Overall i'm still majorly bullish on Bitcoin, although this rally has definitely become exhausted and a significant retrace will occur soon.
Let me know what you guys think!
Let me know what you guys think!