Bitcoin has made some amazing gains these past few days. A cup and handle to position us for the breaking of 9k and upward. However, with every up there comes a down. Bitcoin has stretched out and grabbed peoples imaginations as to how bullish it is. Bitcoin will correct to a 9k location. Now, is the proper time to consider shorting the big daddy.
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A bearish pennant has formed. The Downtrend continues. Don't be fooled.
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Although we did correct slightly. We were so bullish by the previous gains we made it to 10k and now we are in for a bigger and definite short to 9.3k or 9k. Good luck.
