This Chart explains the BTC Break Down.
The fall began last last year with the EUPHORIA that BITCOIN IS GOING TO GO TO 100k (remember those times? lol)
The Selloff began at the end of 2021.
Big decision tp DUMP BTC was made mid January 2022 and BTC JUMPED from the 50th floor like a sword all the way to April.
We had a brief rally to liquidate the shorts.
That rally was short lived and on May 22, 2022 the Daily Low was broken indicating a strong bias towards the downside.
BTC went into consolidation after the break. In consolidation I apply my '4 WICK DROP RULE' <pretty much self explanatory right? ......
When you apply the 4 wick Drop Formula to BTC in this phase it's lining up well.
This chart gives you the OVERALL perspective.
Never over leverage.
Trust your trade set up.
Have fun!
#TradingMadeSimple
The fall began last last year with the EUPHORIA that BITCOIN IS GOING TO GO TO 100k (remember those times? lol)
The Selloff began at the end of 2021.
Big decision tp DUMP BTC was made mid January 2022 and BTC JUMPED from the 50th floor like a sword all the way to April.
We had a brief rally to liquidate the shorts.
That rally was short lived and on May 22, 2022 the Daily Low was broken indicating a strong bias towards the downside.
BTC went into consolidation after the break. In consolidation I apply my '4 WICK DROP RULE' <pretty much self explanatory right? ......
When you apply the 4 wick Drop Formula to BTC in this phase it's lining up well.
This chart gives you the OVERALL perspective.
Never over leverage.
Trust your trade set up.
Have fun!
#TradingMadeSimple
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.
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.