🅱️ Bitcoin Short-Term Update After The Crash

Aug 18, 2023

We are looking at the 4H timeframe, the scale we use short-term for our Bitcoin updates, this is how the chart is looking after the crash.

The previous sideways/consolidation channel broke down completely, pushing Bitcoin multiple levels lower, this is all due to a single whale selling reportedly, nobody else wants to sell their Bitcoins that's for sure.

Even though the whale sold hundreds of millions of dollars worth of Bitcoin, the prices stopped ending in a higher low compared to mid-June.

We also have the extreme bullish signal coming from the oversold RSI and strong bullish divergence.

✔️ Bitcoin will recover!
✔️ We continue 100% bullish.
✔️ We continue aiming for a higher high long-term and our target remains valid for 35K.
✔️ Our leveraged trade also remains active which can be seen here.

✔️ Patience is key.

Thanks a lot for your continued support.

Namaste.