BITCOIN MY FRIEND WHERE WE GO??

Folks,

Morning here we are with a fresh update and a beautiful new day...
Do you still sit comfortably in your seat reading the charts??? haha I do..

Look at the bigger picture we are still bullish and on the daily chart we see a test of the 200 day MA..

The 4 hour chart do we have a close above the resistance line and we are going to test this line now..
I see some BULLISH reversal signals... But we have to be cautious because nothing is evident until it is proven to be so in Technical Analysis..

At least we see a Piercing line candlestick pattern (BULLISH).. This pattern will be confirmed when we close above the big candle as I have drawn..

BUT

when I look at the RSI and momentum.. We make lower highs and are about to test support levels at these oscillators..

Wise thing to do is to look at your stop losses in your trades and otherwise keep calm...