See that big massive purple M. That is a big massive confirmed bear M, and if you like, also a double top to the $502 high. Such bearish market structure is not to be ignored. Don't allowed yourself to buy into any of the retarded bull talk on this forum. This is not a buying opportunity, unless you are an ace day trader who knows precisely when you are gonna dump your BTC. Trend is your Friend. Weekly Chart is still a bull, but fuck trading of the weekly trend. come in a bit closer and things looking a bit less rosy, and certainly the 4Hr trend is firmly bear.
Trend is bear, Daily mom are (were) maxed out, and will now be looking to give the floor some more attention, and that Big M is a very strong market signal telling you all you need to know about what lies ahead for this market.
When/If BTC hits the Red Box, then start looking for shorts......this will be easier said than done, as I imagine when/if BTC gets up there, Pro Traders will be over it like a rash, and shorting the fuck out of BTC. and more cautious/less skilled traders will be unlikely to get the market structure that we like, in the trade location that we like.