#13 - Drum roll (please)

What's up, what's up??

Since we are pretty close to the real decision time I think it is rather relevant to update you guys on what is happening.

As seen in the picture, the price has been recently rejected by the 200EMA (blue line) for the third time and might be the last one before a capitulation sell. We have been continuing to make higher (grinding) lows and that is something that spells weakness for Bitcoin.

The target for this setup lies around the seven thousand mark however we could well see it dip below that, and if we actually change our L3, we can see that the target sees the 6.8k level being run.

I know some of you guys probably disagree with me on this view completely because "it's Bitcoin". I must say you (like I am but aim to change) have too much of your portfolio in cryptos and are under the same emotional stimulus which leads one to FOMO buying and Panic selling.

I think I have made my point clear. Stay safe and unbiased out there!

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