Bitcoin BTC - Trading Update - Evening Analysis - 02/22/18 - Sadness
I liked the other channel better
Well the downward channel is very well established. We are reviewing the 1 hour candles. The MACD and RSI do not look good.
The bears are stopping every bull rally and driving it lower which is not a good sign. Hopefully those Robinhood crypto investors will step into the market soon and push this baby higher.
We closed out our losing trade this morning. (That is what we get for tilting and what makes matters worse we wrote about it).
The 4 hour candle does not look good as well as support is all the way down at 8920. It will not be good for BTC if we head down there and especially if we start retesting the lows of 2/6/18.
It is good time to go short！
If only we could.
I think BTC will down under 9k.
Good luck!
You are probably right. Hope not but probably.