Price flip in effect
Updated
Just a short one. Bitcoin got a 9 candle (Tom Demark Indicator) on the 1 hr, which hasn't happened for a while. A price flip to the downside is in effect. Bitcoin is going down combined with some other reasons. The Chaikin Money Flow shows selling pressure across multiple time frames including the 12 hr chart. Volume is pretty low etc.
Note
I can add that there is a chance for the 50 MA (orange line) to hold the price up, or bounce off of, but I think the overall downtrend is stronger.
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