$BTC pressure building..

17 thg 9, 2018

BTC still consolidating. Im expecting #Bitcoin to either drop from where it is or even spike to the .5 or .618 fib levels before another move to the downside. The market is dominated by bears with price action consistently making lower highs (since December) as we can see clearly on the 1d. Each leg up has been a struggle and getting weaker as time goes on. Pressure is building as we head further into this wedge. Something has to crack sooner or later, I'm 60/40 we break to the downside. Not to say that a bullish break isnt possible, it surely is, we've had some higher lows forming of late, and constantly re-testing support, indicating the bulls are putting up a fight. I'm looking for short opportunities in this market. Please dont take this as advice, it just my opinion based on the chart. The market can go either way, all it takes is someone with a lot of money to decide to splash out in either direction.