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
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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.