PHMoneymakers

Bitcoin! Lower High? Drop incoming?

BITSTAMP:BTCUSD   Bitcoin
Unless Bitcoin breaks above $57k on the 4 hour candle close, I will be expecting a sell off at any of the regions located on my chart. Be cautious and take risks under consideration. Half of of my long position was close at $55.5K and my other half of position will have stop loss on break even. As of now, BTC is still looking weak and with a lower high printed with no volume follow through, this is my worry.

$61K flipping bullish on all time frames. Anything lower remains a lower high and continuation down.

Please share your thoughts and if you would like me to analyse any other coin for you, do comment below and I will post them.

Thanks for the follows and likes on the post. I have only started posting recently and will continue daily.

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