Dear Bitcoin,
It's come as no surprise that you've decided to head south for a while after teasing everyone with you upward moves. Why you gotta be so dramatic?
I've been offering caution for the last couple of posts. Question is how far you feel like going down this time? You tend to be fairly predictable so here's where I think you might hang out
Don't try anything tricky, Bitcoin, as there's still massive resistance up above. I think you deserve a higher price, but you and I both know that you need to suck up open orders (in terms of stops) and overly levered longs (liquidated longs) before you even have a chance of breaching the weekly bearish order block.
The tide has turned and you won't be taking any more of my money. I'll be extracting value out of your market this time on every significant up move you try to make in the short term.
PS. I still love you
