Good morning fam!
Update: My view on #BTC remains the same. 1 hour time frame shows a hidden bullish divergence which could take #Bitcoin up to $45k then making a short-term higher high, but please be aware the trend will still remain down mid-term.
For the bulls, #Bitcoin needs to print a higher high above $53k for the trend to be in your favor, for now, sadly it isn't.
The volume on most if not all time frames do not agree with the little upside #Bitcoin is showing which makes me very cautious around this price, all the way up to $48k if it even gets there.
On my previous Twitter posts I did mention that I hold a short position at $45'200 and still holding it. I will be looking to add to my shorts again if $46'500 - $47'800.
Right now, I can not be bullish and I will flip if the trend shows me that.
Update: My view on #BTC remains the same. 1 hour time frame shows a hidden bullish divergence which could take #Bitcoin up to $45k then making a short-term higher high, but please be aware the trend will still remain down mid-term.
For the bulls, #Bitcoin needs to print a higher high above $53k for the trend to be in your favor, for now, sadly it isn't.
The volume on most if not all time frames do not agree with the little upside #Bitcoin is showing which makes me very cautious around this price, all the way up to $48k if it even gets there.
On my previous Twitter posts I did mention that I hold a short position at $45'200 and still holding it. I will be looking to add to my shorts again if $46'500 - $47'800.
Right now, I can not be bullish and I will flip if the trend shows me that.