Coin Telegraph
I was going to try walking on hot burning coals.
But I got cold feet.
Yeah, my feet are on fucking fire. This Bitcoin price action is still excruciating to watch.
If you follow me on Twitter, you would have seen me share a chart with the following demand zone penned in:
BTC/USD Daily
Being in a short term bearish trend, I've been waiting for buyers to react in a zone like this and for a few days, it was looking like this might have been the turn.
But nope.
Straight into the first supply zone you can scratch together and the sellers come straight back in to smash it back down faster than it rose.
Bears in full control.
Keep in mind that US stocks got trashed back to their lows again last night and this blog becomes relevant again for tonight.
When stocks make new lows and even better if the arse properly falls out of that market, where will the money flow? We will soon find out if there an inverse correlation between stocks and crypto if that happens.
Happy hump day and best of probabilities to you.
Peace ✌🏻.
Instagram: @forexbrokr
Website: www.forexbrokr.com
