BTC - BEARFLAG/ RISING WEDGE on LTF! (NOT LONG YET!)

11 nov 2021

Will be watching the daily open of the stock market closely, being very careful. Bitcoin is trying to find it's support but is flipping bearish on low time frame indicators such as MACD/RSI and is showing no signs of reversal. No crazy buy volume.. no "insane" bounce compared to liquidation cascades we've seen in the past. On top of that, lots of BTC and ETH shorts have been opened.. I suspect we may be sideways and (potentially) down for a bit while bitcoin waits to gain confidence again. There is also bearish patterns forming on lower time frames such as a bearflag/rising wedge, both bearish.