Bitcoin showing some strong weaker moves to downside. The upside gain was interrupted by the lost motion of the top (diagonal lines). These hidden resistances appear to have very strong influence on price momentum. Bitcoin needs some very strong volume to recover at this stage. I think price will continue to broaden out- sideways- as it continues to hit resistance levels and push lower. The sad part is there will be bounces, but these may continue to reject and promote downside momentum. In fact there have been many bullish patterns - only to reject lower side with swift speed.
We just have to wait it out, but for now - BTC Short.
We just have to wait it out, but for now - BTC Short.
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Expecting a more solid bounce to buy into around 34-35k
Moorsc0de aka Crypt0nomics aka Zaphkiel