Upon the attempt of breaking out of bearish flag BTC was overpowered with sell side momentum.
With this pattern, the RSI already correcting and the MACD setting up for a sell side crossover there is no shame in being short.
Everyone wants a BTC bull but I say we still will not see one for years to come. This is a time to DCA into many key positions and play it smart.
As always though, without good fundamentals and a solid crowd btc is a risk which is why I will not play the long term game here.
With this pattern, the RSI already correcting and the MACD setting up for a sell side crossover there is no shame in being short.
Everyone wants a BTC bull but I say we still will not see one for years to come. This is a time to DCA into many key positions and play it smart.
As always though, without good fundamentals and a solid crowd btc is a risk which is why I will not play the long term game here.
