BitcoinShort
Be Patient Bulls
Following up to my post last week we are confirming the Double Top. We are seeing an increase in Bear Volume as we push downward after 2 months of Bull action. I've marked the support zone I'm targeting as I believe we may get a short term bounce into a bear pennant which will take us to the next leg down around 7k. That said, I'm going to start scaling in to accumulate in the mid 7k range.
I like to keep things simple and not use 10 different tools. I use the EMA/MA along with Volume and RSI. I'll use Fib Retracement and draw flags but for the most part the less things on my screen, the easier it is to read.
Scan out to the Weekly to get a better overview. I'm waiting for the Weekly Candle to hit the 25 EMA first which is around $81350 at the time of this post on Thursday 2:27 CST.
Until then, be patient my bulls
I like to keep things simple and not use 10 different tools. I use the EMA/MA along with Volume and RSI. I'll use Fib Retracement and draw flags but for the most part the less things on my screen, the easier it is to read.
Scan out to the Weekly to get a better overview. I'm waiting for the Weekly Candle to hit the 25 EMA first which is around $81350 at the time of this post on Thursday 2:27 CST.
Until then, be patient my bulls
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