BTCUSD MNT: WARNING to crypto perma bulls (UPDATE)
BTCUSD MNT: WARNING to crypto perma bulls (UPDATE) Tagged as SHORT because I expect correction in the crypto market, unless monthly candle improves next week.
🔸 Summary and potential trade setup ::: BTCUSD monthly chart review/outlook ::: updated/revised outlook ::: STILL MAINTAINT BEAR OUTLOOK! ::: let's review 3 monthly candles ::: IMPORTANT: this week is ::: the most important week in 2021! ::: monthly ALREADY closed with MASSIVE WICKS ::: on SUPER heavy volume ::: BULL RUN is over in crypto ::: right now let's review 3 candles ::: BTCUSD / XLMUSD / NANOUSD ::: BTCUSD monthly candle wick > 60% ::: XLMUSD monthly candle wick > 50% ::: NANOUSD monthly candle wick > 50% ::: XLM and NANO are key proxies of BTCUSD ::: they frequently lead the market as well ::: finally, we are closing in on the anniversary ::: of the 50%+ DUMP in 2020 (FEBRUARY-MARCH 2020) ::: so CAUTION recommended going forward ::: short-term range / mixed / more gains likely ::: overbought / so expecting correction ::: good luck traders! 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: HIGH PROB OF CORRECTION ::: Sentiment outlook short-term: RANGE/MIXED
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