What goes up that must come down? Bitcoin!
Updated
Big Hidden Bearish divergence on 1D.
Top of a downtrend channel.
Oversold daily RSI.
Regular bearish divergence on the 4H
NVT signal is highest since December (see : charts.woobull.com/bitcoin-nvt-signal/ )
Subjectively dancing around 0.382 fib
Give the manipulators a medal if they manage to break 9k. Heroic effort and they can take my stoploss if they get there.
GL BEARS!!!
Top of a downtrend channel.
Oversold daily RSI.
Regular bearish divergence on the 4H
NVT signal is highest since December (see : charts.woobull.com/bitcoin-nvt-signal/ )
Subjectively dancing around 0.382 fib
Give the manipulators a medal if they manage to break 9k. Heroic effort and they can take my stoploss if they get there.
GL BEARS!!!
Note
Sorry, Overbought daily RSI.Note
Trade closed: target reached
Conservatively close this at the 7650 support because profit. Maybe we bounce on the guppys + trendline + support level.Note
dNote
Comparing the May retrace, to the current retrace....
WILL IT BOUNCE??
Supports should act in unison this time around, as opposed to the pinballing action last time around, so bounce to 8k is guaranteed.
But will there be enough power to push through? The NVT signal is still fucked, as No one is buying BTC to use. Also, the downtrend channel is still undefeated.
Well, If i get filled at 7335 ill close lots at 8k and have a tight stop loss ~7120 Just below .5 fib
Note
Dammit. I should not have closed! Next time I will keep the position open and just buy a small amount if i want to go for a bounce in similar scenarios.
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