Short-Term WARNING Signal on Bitcoin
Updated
A High Tide signal has shown up on the BTC daily chart. It hasn't been confirmed yet. But if it does, it generally coincides with about a -10% to -20% drop.
So, it makes sense perhaps to close some longs and open more shorts. Tight stop losses still needed, since we are in a Flow state (i.e., still long-term bullish).
I'm still interested in my BNB short, so I'll add to that. And I've closed some longs in COMP, AAVE, and ETH.
So, it makes sense perhaps to close some longs and open more shorts. Tight stop losses still needed, since we are in a Flow state (i.e., still long-term bullish).
I'm still interested in my BNB short, so I'll add to that. And I've closed some longs in COMP, AAVE, and ETH.
Note
Just to be clear, BTC is still in a bullish trend. High and Low Tides are short-term signals and only to a slow down in price momentum.
"Even the wise cannot see all ends." - Gandalf
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