Ok Guys and Gals,
I hate to break it to you, but this looks bad, and for ONE reason.
As far as my memory can attest, there is only one example in BTC history whereby a daily bullish reversal candle was invalidated.
The prior invalidation resulted in an immediate 20% crash correction.
I've exited all positions.
Good luck.
I hate to break it to you, but this looks bad, and for ONE reason.
As far as my memory can attest, there is only one example in BTC history whereby a daily bullish reversal candle was invalidated.
The prior invalidation resulted in an immediate 20% crash correction.
I've exited all positions.
Good luck.
Note
It might hold ... ... mightNote
Note: Several influencers like Raol Pal etc. are aggressively trying to promote a retail bid --- which at these entry prices is insane for retail.
Such personalities are usually just working for big whales like the commercial banks.
While watching the lower timeframes I noted zero retail bid at around 17,600 and it went sideways for some candles----and just before collapsing a buyer appeared.
This buy bid appears to have been very reluctant, by a whale with big bags.
My thinking is that the CBs have their digital currencies and they don't need crypto that much anymore, and the whales know they're in trouble.
BTW, is it known that the Chinese crypto execs were all arrested a few weeks ago?
Note
BTC holding up for now. If 20k is breached then longing XRP is my preferred trade.
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.