$BTC needs to pull a rabbit out of the hat right now

7 Agu 2018

Bitcoin testing .618 and .7 fib levels 1D, I see potential for price to break below the red kumo cloud and we have a descending triangle that doesn't give me a lot of confidence in a another leg up at this point. My 60%/40% slightly bullish sentiment has now shifted to 50/50, and even perhaps more on the bearish side. Im trying to shake off all the news, youtube and twitter hopium, and to clear my head and look purely at the chart. This tells me to batten down the hatches and prepare for a possible break lower. In any case it could go either way. Im out of BTC and into USDT waiting for some up-side to re-enter. Will hold for now, and not taking up any positions BTC until I see some action either way. Hang on to your hats folks, be careful.