Bitcoin is basically on it's 5th inside daily bar and it's likely there's a breakout coming over the weekend -- likely bearish if I had to guess.
We saw an initial huge leg down with consolidation. Typically, the direction follows initial movement (i.e. bearish). Nothing really seems to be going for the bulls, so I can go along with this being a bear break.
There's also a recent lower low from this bounce, so that's another factor hinting at a bear break.
Have your stop losses set and have a great weekend!!!
Nice post
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That is just about exactly whaty I am thinking. I use cryptohopper (https://www.cryptohopper.com/?atid=6921) to do my trading and have a stop loss set for -5% with trailing stop loss set to arm at 3% and activate at .75%. So it's all good over here!. Wait till it hits bottom and buy buy buy!!! That's this dude's plan for sure!
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Good plan!
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