We're at a technical level where I'd usually be quite inclined to become bullish again on BTC and buy into the possible butterfly low. However, with us having broken the 161 of the topping swing (Which has not happened in any previous BTC drops - it's quite a unique signal), I am inclined to buck my usual contrarian style and bet on the continued breakout. If we go through the butterfly low, I'd expect to see something some may fund surprising - some sort of sustained move down. First capitulation style, and then the hard grind.
Nota
This broke. I think we'll see a stronger bear move after this little bounce we had once the break was made.Trade attivo
Short BTC 42,300 Stop 44,800
Target 17,900
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
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We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.