RACEACEACE #BITCOIN TIME TO TAKE A BACK SEAT. REJECTION
The price rejected at the red 2/1 Gann Fan resistance line from the pivot low in December.
To me this is a significant rejection and means there could be some very bad p.a in store. It's time to take a break from longing. The bears may or may not step in. I believe because of the halving fomo, there could just be choppy p.a.
I believe the 7k's should be touched before longing. That's it for now. Current bias is bearish but waiting for confirmation before entering any trades.
The market always takes back people's gains after a big run, so I think it is now that time.
Stay safe.
To me this is a significant rejection and means there could be some very bad p.a in store. It's time to take a break from longing. The bears may or may not step in. I believe because of the halving fomo, there could just be choppy p.a.
I believe the 7k's should be touched before longing. That's it for now. Current bias is bearish but waiting for confirmation before entering any trades.
The market always takes back people's gains after a big run, so I think it is now that time.
Stay safe.
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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.