BTC change of sentiment

I've now switched my positional bias to short. I think there's sufficient evidence to make that choice. Moving back to the 200MA would be reasonable.

I'll continue to document my thoughts in the updates.

Kommentar:

Just highlighting some things happening on the H1 - the 50MA was previously acting as support, it then flipped to resistance just before the big drop and now the 200MA on the H1 is acting as resistance.

Obviously it's hard to make definite predictions, but this appears to be setting up for further downside.

Kommentar:

Also on the H4, we're holding below the 50MA - so yeah all looking pretty nice for continued short