BTC Daily: I know I have talked about $10,526 the last few days but I am starting to have second thoughts about those levels... MACD is now showing a sell signal and the break out above our bullish bat target at $9650 is starting to look like a false break. We need to look at the daily close to be able to tell with accuracy but it does feel like MACD is about to cross the orange line downwards. I want to refrain from setting targets as I don't have the confirmation from the close just yet but the overall picture (including the last 4 weekly candles looking corrective and not impulsive) do not look bullish. My eyes are on today's daily close. If we get that confirmation and MACD still crossing lower at the close, then the bullish bat which we discussed a while back will have completed its target. #DEFINATELYnotaninvestmentadvice #pleasedoyourownresearch #justmyownview.
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If you missed an entry here, watch for a short term bounce to enter shorts.
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going just as planned. confirmed today with new lows.