BITCOIN - Demand Line Re-test
Printed a lower wicked hammer candle upon piercing the demand trendline; showing buy pressure coming in.
But it has come straight back down and now hitting the demand trendline again.
So this is looking bearish.
If Bitcoin dumps there is no safe haven in any coin really; all will likely be affected.
But some with stronger charts may rebound well.
Things could get quite nasty if there is a dump through the demand line.
We saw a demand line dump last summer.
It could happen again 🤨.
Not advice
But it has come straight back down and now hitting the demand trendline again.
So this is looking bearish.
If Bitcoin dumps there is no safe haven in any coin really; all will likely be affected.
But some with stronger charts may rebound well.
Things could get quite nasty if there is a dump through the demand line.
We saw a demand line dump last summer.
It could happen again 🤨.
Not advice
Nota
Last summer: Nota
Yesterday Bitcoin rejected from the demand line; printing a bearish whipsawing Shooting Star candle.So far printing a bearish momentum candle.
Slipping down.
ETH looking strong here btw, but all other altcoins continuing to look dangerous.
TradingView have extended maximum video length so I may make a Bitcoin / crypto video here at some point.
Nota
Down we go 😼.Nota
Everyone likes to write their own reviews but this was a very accurate dump call on Bitcoin and probably much better than the general dross of TradingView.Dont be shy; hit the BOOST if you agree ✨.
Nota
1 hour crypto video: 
Your FA guru can't read a chartðŸ’
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
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I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Your FA guru can't read a chartðŸ’
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Declinazione di responsabilitÃ
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.