Hello traders,
I'm not currently in any trades as I'm waiting for things to settle.
There's still a bearish divergence on the daily chart which hasn't played out yet at all.
Bearish divergence:
1) higher high on PA
2) lower high on the momentum oscillator
---------------------------------------------------
Yes my last few posts were wrong with the timing of things but still think we go lower eventually.
Might not be today, or tomorrow, or next week but still think this is a bull trap waiting for a collapse to happen.
When we do crash, all you bulls calling for new ATH's will be humbled because you're all way too confident and the market doesn't reward cockiness or greed.
The exact same thing happened in 2018, we had a massive exit pump after a 50% crash from ATH's and everyone got euphoric again and then eventually BTC (bitcoin) collapsed.
If we break ATH's the bull run will be back on and probably goes to $100,000+ but if we don't break ATH's I'm still expecting $30,000 to break in months to come going into 2022.
Tomorrow I'll be shorting on 2x leverage and walking away, I'll be working my job 8-12 hours a day saving cash for the next halving in 2024 which is 959 days away.
(March 26th, 2024)
I'm not currently in any trades as I'm waiting for things to settle.
There's still a bearish divergence on the daily chart which hasn't played out yet at all.
Bearish divergence:
1) higher high on PA
2) lower high on the momentum oscillator
---------------------------------------------------
Yes my last few posts were wrong with the timing of things but still think we go lower eventually.
Might not be today, or tomorrow, or next week but still think this is a bull trap waiting for a collapse to happen.
When we do crash, all you bulls calling for new ATH's will be humbled because you're all way too confident and the market doesn't reward cockiness or greed.
The exact same thing happened in 2018, we had a massive exit pump after a 50% crash from ATH's and everyone got euphoric again and then eventually BTC (bitcoin) collapsed.
If we break ATH's the bull run will be back on and probably goes to $100,000+ but if we don't break ATH's I'm still expecting $30,000 to break in months to come going into 2022.
Tomorrow I'll be shorting on 2x leverage and walking away, I'll be working my job 8-12 hours a day saving cash for the next halving in 2024 which is 959 days away.
(March 26th, 2024)
Trade active
Not financial advice, do your own research.
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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.