BTC Daily - Bears still in control

19 Jul 2018

I'm expecting a roll over and a final dump to sub 5k. We broke out of the symmetrical triangle in June, and now retesting that trend line to the tick. We are also running into the bottom on the Ichimoku cloud (massive resistance). There's nothing bullish about this pump- just hit a brick wall. If you were lucky enough to buy at $5800 and short at $7500, hats off to you. Remember, the trend is your friend. If you're long, just be patient with your entry. We need to break through and close above the Ichimoku cloud before moon. Until then, all these pumps don't mean hit. Be safe. https://www.tradingview.com/chart/pfGkuhVN/