Bitcoin - Elon Musk The CryptoMan

The CryptoMan does it again and this time he went bearish.

Tesla stock and bitcoin drop after Elon Musk says car sales with crypto will be halted due to energy usage of mining.

Seem like everytime the price action enter the No Demand zone, which is around 58,000, some bad news came and Bitcoin goes into correction.

48,000 is its strong hold or will it goes to 44,000 to wash all the stop loss and then reverse with a FIFTH tops?

Take note that the FOURTH top was lower than the THIRD top, which is a lower high.

Also the THIRD low was also lower that the SECOND, so we have our first lower high and lower low which is a sign of weakness.

Will Bitcoin rebound with a FIFTH tops?  

Let the market maker decide.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.