Bitcoin downtrend starting?
When looking at the weekly we clearly have some very old, strong fractals. Remember macro pattern/fractals are MUCH stronger than micro patterns. We have bullish for the past few weeks, time for a few weeks down.
Will be holding my short for at least a week. Expecting a wick out of the fractal but not a close above. If we get a close above it's likely a bull market to fill the CME gap @ 9k.
REMEMBER
Risk Management 50% of trading
Technical analysis 25% of trading
Fundamentals 25% of trading
Don't forget to drop a like!
Feel free to engage and ask questions!
Best of luck to everyone!
Will be holding my short for at least a week. Expecting a wick out of the fractal but not a close above. If we get a close above it's likely a bull market to fill the CME gap @ 9k.
REMEMBER
Risk Management 50% of trading
Technical analysis 25% of trading
Fundamentals 25% of trading
Don't forget to drop a like!
Feel free to engage and ask questions!
Best of luck to everyone!
Nota
Looks like we will be filling the CME gap sooner than i had anticipated. TA still has not been invalidated. Rug pull after CME gap fill
Declinazione di responsabilità
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.
Declinazione di responsabilità
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.