ad3mia

Bulls are on life support, I wouldn't wanna be them.

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BITMEX:XBTUSD.P   Bitcoin
PA isn't favourable for bulls at all. A very good chart I should have paid more attention to is the weekly. Daily TF also has 7 consecutive red candles and the last time that happened, price broke the 6k floor. Would be bold to say price breaks the $9123 support within 11 days. Bakkt launch to me is a 'sell the news' event. If after 11 days, support isn't broken though, I expect sideways action and a break before the end of the year. Question isn't 'if' but 'when'.

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