Now that Bitcoin has entered the top area of the last stage of the 1hr UP move is time to analyze the chart again and the read is as follow. Within the next six 1hr candles price will start to drop to go and test the $83465 area then pause or make a failed little bounce to then continue lower to the 2nd stage which is the $82645 once it gets there we'll take another look .
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Niiiiiice. First stage of downward move is completed and the 2nd stage is in process now. From here on Bitcoin will have a failed bounce attempt or enter in a sideways move to then continue lower to test the $82645 support and probably that'll be it cause bears are weak and playing lazy. There still plenty of TIME for bears to push price lower. Once it gets there we'll take another reading of the market. Note
Note: Don't be greedy. Protect profits if you are short cause make no mistake that the Daily tf trend is to the UPside and as always the bigger tf over powers the smaller tf. Also remember the closer price gets near the bottom of the 2nd or 3rd stage of the move the riskier the short trade becomes. Good luck. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.