Hello to all who watch my charts.
Here is the current situation in Bitcoin.
After the impressive rally on
over 5000 Bitcoin is now in my oppionion in a short position
We have lower lows and lower highs, which is clearly proven since the fall below my middle blue line at around 5000 points.
Interestingly, the BTCUSD comes back, right up to my top blue colored line
which in recent times has forced to turn down 2 times.
You could see that very well here in the chart.
What will happen now?
Either Bitcoin rises above 5065 on the basis of the 4 HR chart and probably rises above 5145 to reach new highs and move to a long position,
or
Bitcoin BTCUSD turns south again on my blue line and remains in a short position.
We have to watch closely for the next few days
Good trades
