Monday Morning Bitcoin Outlook


Bearish pattern, just follow the trend and short!
Over the weekend, a bunch of negative news hammered the market, Bitcoin dropped from 783 to 737, a plunge of 4,600 points!
Four-hour chart broke below the lower band, moving averages all pointing downward, MACD dead cross with increasing volume, a pure bearish trend.
In the morning, short in batches at 746 and 749, targeting 725-717. #BTC
BTC-0.24%
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