BitcoinUpdated BTC bullish div, minor pump incoming, double top soon
Just to follow up on my previous posts.
It seems that BTC is indeed repeating the fractals from 18-21 March. At the moment, we see signs of bullish divergence. Also, the number of BTCUSD shorts has grown.
These shorts will likely be punished the same way they did last week, but to a much lesser extent --- don't use stop losses blindly.
I wouldn't be surprised if a pump comes within 24h to 8.3k. We can then see a fall to 6.5k & potentially lower.
Last post:
& this one (doesn't look like 9k would be reached now, and doesn't look like 7.5 would be either)
It seems that BTC is indeed repeating the fractals from 18-21 March. At the moment, we see signs of bullish divergence. Also, the number of BTCUSD shorts has grown.
These shorts will likely be punished the same way they did last week, but to a much lesser extent --- don't use stop losses blindly.
I wouldn't be surprised if a pump comes within 24h to 8.3k. We can then see a fall to 6.5k & potentially lower.
Last post:
& this one (doesn't look like 9k would be reached now, and doesn't look like 7.5 would be either)
Note
not enough longs for a squeeze yet.Note
bearish divergewnce nowcrash possible tomorrow
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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.