Bears showed with the strong downward (Btc Update)
The Bears showed with the strong downward impulse move, that the market is not ready for higher prices yet
we did bounce from the yellow line, expecting it to go till 6520 now, where i'll short it
EMA 12 and 26 crossed in negative direction on 4h chart which is bullish, last time this happened we had a drop from 6800 to 5800
The higher volume was a confirmation sign, that this move could be more than a simple pullback
We are on the 2nd week of July and we haven't seen a good breakout of the downtrend line (weekly chart below) with the volume getting lower. You can confirm the decreasing volume on the daily chart. I think $BTC will stay sideways (~ $6K)
I cannot believe his guy was chill enough to just record video! Terrifying / awesome
lovely comment!!!
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