Welcome friends, trolls, gals and countryman! Special thanks to the legendary multi-dimensional CheesPuff for the introductions this month.
I hear we are all going to the moon again, let me jump into the market and dissect the rumors.
I hear what everybody is saying and I can also see the bull flag formation, but success is not guaranteed on any candle formation, we might have a 70% chance of a breakout should the bulls show up.
I am not impressed with the price action on the Bitcoin market and it is clear to me that this is still a bearish ship.
Things could change if the Bulls decide to show up and actually buy some Bitcoin, but I fear they know better.
I am still bearish on the market and would advise caution until we get consolidation above 11k and a retest of 12k.
Be mindful of the bears as prices slip closer to 10k, with 10k being the major psychological support at this time.
There is a saying that comes to mind, “Be greedy when others are fearfull, and fearfull when others are ______ “.
Safe trades, remember you can find me on Discord should you need any trading advice.