In my opinion if you are in a long position i would start looking to get out soon.
The only way id be bullish right now is if bitcoin just made a sudden move back above the trend line
and reclaimed it as support. The trend is you friend, untill its not, the support line seems to be acting
as resistance now. Big money could easily dump on longs right now into the areas i highlighted where i believe
buyers have orders ready. The question is, if it does dump, how low will it go? Be careful, id sit this one out, looks
like a gamble.
The only way id be bullish right now is if bitcoin just made a sudden move back above the trend line
and reclaimed it as support. The trend is you friend, untill its not, the support line seems to be acting
as resistance now. Big money could easily dump on longs right now into the areas i highlighted where i believe
buyers have orders ready. The question is, if it does dump, how low will it go? Be careful, id sit this one out, looks
like a gamble.