🚨 Bitcoin Weekly Analysis: Bearish Signals in Sight, But Bullis
🚨 Bitcoin Weekly Analysis: Bearish Signals in Sight, But Bullish Trend Holds
Hello everyone, today's focus is our Bitcoin Weekly Analysis. Let's begin with the facts and conclude with key takeaways.
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FACTS:
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CONCLUSIONS:
This is how I ride an uptrend, getting a good entry and just locking some profits on the way up when our indicators signal some weakness. It is impossible to predict if there will be a major correction or not, NO ONE CAN, we just ride waves, with the advantage of having clear signals with historical probabilities data. One Signal at a time.
Note: Not financial advice. PS: Too early to know if that bearish signal on the oscillator will confirm.
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Wrap-Up: That's a wrap! If you enjoyed this Weekly Analysis:
💙Like and RT this tweet to share it with your audience.
Hello everyone, today's focus is our Bitcoin Weekly Analysis. Let's begin with the facts and conclude with key takeaways.
FACTS:
- []Price Still above overbought Red Line (good)
[]Bearish SS type "B" confirmed, it has 77% historical accuracy.
[]Horizontal and Trend Support at 32-33K.
[]Strong Uptrend on our TS indicator. - Bearish signal flashing on oscillator (not confirmed)
CONCLUSIONS:
- []Trend still bullish, even if it goes down to test 32K.
[]Took some profits (around 20%) as we had our first bearish signal. - Still holding most as the trend is clearly bullish, chances for it to be a fake out or just a quick correction (1-3 weeks) are high. (like 2017 bull run, see the comment section for reference)
This is how I ride an uptrend, getting a good entry and just locking some profits on the way up when our indicators signal some weakness. It is impossible to predict if there will be a major correction or not, NO ONE CAN, we just ride waves, with the advantage of having clear signals with historical probabilities data. One Signal at a time.
Note: Not financial advice. PS: Too early to know if that bearish signal on the oscillator will confirm.
Wrap-Up: That's a wrap! If you enjoyed this Weekly Analysis:
💙Like and RT this tweet to share it with your audience.
Regards,
Trend Rider
Trend Rider
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