BitcoinShort
🔥 Bitcoin Bears Still In Control Until THIS Happens 🚨
Over the last weeks I've been relatively bearish on Bitcoin. My main point was that BTC is trading in a parallel channel, where the top resistance is a copy of the bottom support.
My bearish narrative originated somewhere in August, and has not changed since.
However, I have to admit that BTC is holding up better than expected, also carried by bullish ETF news (fake or not).
Until we can get a weekly close above the top resistance, long-term bears are winning. This supports my often mentioned fact that pre-halving years have on average 6 green and 6 red months, so we're likely going to see more red months ahead.
Are you bullish or bearish? Share your outlook! 🙏
My bearish narrative originated somewhere in August, and has not changed since.
However, I have to admit that BTC is holding up better than expected, also carried by bullish ETF news (fake or not).
Until we can get a weekly close above the top resistance, long-term bears are winning. This supports my often mentioned fact that pre-halving years have on average 6 green and 6 red months, so we're likely going to see more red months ahead.
Are you bullish or bearish? Share your outlook! 🙏
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🔥Premium Signals: fierytrading.com
Related publications
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.
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Related publications
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.