racethehare

BTC Has finally met its resistance. While Alts continue to fail

Short
BITMEX:XBT   Indice Bitcoin
Time to switch to Stocks if you are a bull. Link below to my perfect call last year during the stock market stop hunt, a week before exploding bull. Are they correlated? Not necessarily, but fundamentalists will attribute (post-BTC-crash) the stock market rise to the BTC fall. Also, please review my perfect BTC call at 3150 bottom last year. Fundamental interest in BTC is extremely cynical/pessimistic.

Technicals:
  • BTC has fallen below the yellow support line
  • Fallen below the green weekly ichimoku (lagging indicators are helpful for large time-frames)
  • volume is at a huge low
  • End of year sucks for crypto last two years, let's make it a 3rd?
  • We are not creating a bull flag anywhere
  • compare orange weekly Bollinger median, below the down-ward curve like 2017

How to Trade:
Short the blue dotted line. simple. You're welcome

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