#Bitcoin printed a #TBO Close Long (that blue diamond above the candle) on yesterday’s daily candle 😬
A TBO close long tells us to consider taking some profit out of our long position,
AND
The trend could be turning bearish.
$BTC hit that red support line, which is a good sign for now, and yesterday’s lower wick is higher than the previous dump: both good signs.
But if Bitcoin gets below this trend line, kick yourself if you didn’t take at least a little profit at $48k.
Will it go back up there again?
Yes, but it could take some time (longer than most can wait).