Bearish engulfing on the 4-hour with continued downside.
I think we are going to see the daily close even lower than where it began today.
As forecasted yesterday we had a sweep of the highs.
Now the bleed-out begins.
Expecting a shooting star close on the daily and then the fireworks really begin.
Last month we closed with a clear reversal candle and monthly volume has been lessening since January.
If big players are propping up the market then they can do so but I won't be fooled.
Get out now. Wait for a big bloody weekly candle or two before jumping back into this market.
My .02
I think we are going to see the daily close even lower than where it began today.
As forecasted yesterday we had a sweep of the highs.
Now the bleed-out begins.
Expecting a shooting star close on the daily and then the fireworks really begin.
Last month we closed with a clear reversal candle and monthly volume has been lessening since January.
If big players are propping up the market then they can do so but I won't be fooled.
Get out now. Wait for a big bloody weekly candle or two before jumping back into this market.
My .02
Nota
Update: We did not close below the daily open, but we have since continued much lower. This is going to be one heck of a bearish week for bitcoin.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.