Bitcoin looks like it's about to drop dead
Looks wrecked, about to waterfall crash.
There's very little volume, and this impulse up from 50k looks more and more like a short squeezed-out dead cat.
I've switched to positional trading mode, shorting to support----wherever that is.
We see similar weakness in Gold, Silver, the usual suspects, so my approach is assuming we're going to witness a broad based market correction over the next 4-5 weeks.
There's very little volume, and this impulse up from 50k looks more and more like a short squeezed-out dead cat.
I've switched to positional trading mode, shorting to support----wherever that is.
We see similar weakness in Gold, Silver, the usual suspects, so my approach is assuming we're going to witness a broad based market correction over the next 4-5 weeks.