TRADE UPDATE: We Added Again to Our Bitcoin Short Position
It seems that after nearly completing its massive head and shoulders pattern, Bitcoin is now on the verge of a dramatic move lower. We are nowhere near capitulation as the prevailing sentiment in the crypto community is still that higher all-time highs are imminent. To change this persuasion, the price needs to move much lower. However, currently the price is at its last major support area… and traders should watch it very carefully.