SHORT - BITCOIN - MARKET IS SMILING AT YOU
Entry: Above 7442
Target: 5434
Stop: 7851
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Technical Analysis:
Fundamental On Chain Analysis:
~Bo
Founder of Megalodon Trading
Target: 5434
Stop: 7851
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Technical Analysis:
- Down trend seems to be on unless price break above $7800 area.
- Megalodon Institutional Investor at 98.79% level with RED sell signal.
- Fibonacci Calculator is at 79.93% level with RED sell signal.
Fundamental On Chain Analysis:
- MVRV 200 day moving average sloping down, signalling bearish market state.
- Network unique wallet addresses are sloping down.
~Bo
Founder of Megalodon Trading
Trade closed manually
Closed shorter term shorts here. 
Telegram Here t.me/bugrasukas
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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.
Telegram Here t.me/bugrasukas
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.