Dear reader,
Now, after the monthly and quarterly closing prices, I have to say that
...nothing changed in the bigger picture.
If history repeats itself (which not necessarily happens), then Bitcoin is ready to set a bull trap (see the upper wicks of the third candles at 1, 2, and 3) and head lower. After such quarterly closing, Bitcoin had 9-12 months of correction, finding support around the 200W EM.
I know there is not enough historical data regarding quarterly and yearly to back it up, and I might be wrong. However, I am still waiting in the next three months for a short squeeze towards mid-high 40K, then a rejection, which might give us a selling opportunity.
Now, after the monthly and quarterly closing prices, I have to say that
...nothing changed in the bigger picture.
If history repeats itself (which not necessarily happens), then Bitcoin is ready to set a bull trap (see the upper wicks of the third candles at 1, 2, and 3) and head lower. After such quarterly closing, Bitcoin had 9-12 months of correction, finding support around the 200W EM.
I know there is not enough historical data regarding quarterly and yearly to back it up, and I might be wrong. However, I am still waiting in the next three months for a short squeeze towards mid-high 40K, then a rejection, which might give us a selling opportunity.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.