Since my last publication on March 9, BTC
dropped low enough to trigger my entry at 7736 on 3/14. I sold that for a small profit yesterday, and as the price continued lower, we have a right shoulder to a head and shoulders
pattern. A head and shoulders
would look alot better at the end of an uptrend, but on the 3 hour, at this location, I believe it still tells a lot about the sentiment around bitcoin
and it's short term future. There are also several bear flags over this time and not much to be bullish
about. I took my higher 3 buy prices off, and am only keeping the 6818, 6260, and 5884 prices for now. Even if we get another bounce, the chart points to BTC
going lower yet.
JMJ - UIOGD