Bitcoin - Pain is coming
TA:
1. Monthly closed below the trendline (constructed using closing prices).
2. Monthly RSI momentum is down.
3. TD D-Wave 4 suggests that a Wave 4 may be on the way (possibly a close below 30k).
4. TD Sequential (the green/red dots) broke the bull sequence.
FA:
Basically, the FED is tappering and likely going to raise intrest rates that will crash stocks and crypto.
1. Monthly closed below the trendline (constructed using closing prices).
2. Monthly RSI momentum is down.
3. TD D-Wave 4 suggests that a Wave 4 may be on the way (possibly a close below 30k).
4. TD Sequential (the green/red dots) broke the bull sequence.
FA:
Basically, the FED is tappering and likely going to raise intrest rates that will crash stocks and crypto.
Note
Feeling the pain yet?Note
And now?Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.