Gladly I would like to briefly look at a little analysis of Bitcoin.
We saw the last day of a parabolic rise, which was halted with a dip of more than 20%. The candle was not fully bought on the market.
But what happened is a damage to the trend structure.
It now seems that a shoulder is forming shoulder shoulder formation to start the overdue correction. also the MACD shows now a negative divergence in the height of the 200er mark with which the last dip developed.
Well this whole trend is from my point of view a fake. Many of my friends have been buying wildly because they expect a moon landing.
For the first time I am reluctant and stick with my existence.
I assumed that the Bitcoin in the range 6000 or APPLallt CONSULES VERY LONG. but the Bitcoin shot through as if there was no resistance which we defended for months, which is why I am very careful.
Now this short-term bull market was triggered by the BAKKT publication. We have seen in the past X times that the rumor mill was bought and after the release of the market was sold.
I will now position myself short with a stop just over 8500 and wait for a correction.
If the bitcoin stops at the 6000 zone and forms a bottom, I would be ready to increase my stock. Otherwise, I expect another sale.
I think it's too risky now to short BTC. After rejected H&S bitcoin seems truly bullish with solid $7850 support. I guess it's time to fill the bags and catch the dips only to buy more: