I have advocated for a buy the dip at 31K (see previous posts)
I have sold at 37K due to the following reasons.
Techincals :
-TD sequential red count continuing
-Daily below 20MA
-7EMA/ 20MA daily cross
-Funding rates and premiums YTD high
-MACD Daily still bearish
-RSI downtrending, although above 50.
If prices reach around 27K that would be a perfect buy.
I have sold at 37K due to the following reasons.
Techincals :
-TD sequential red count continuing
-Daily below 20MA
-7EMA/ 20MA daily cross
-Funding rates and premiums YTD high
-MACD Daily still bearish
-RSI downtrending, although above 50.
If prices reach around 27K that would be a perfect buy.
Note
GG BITCOIN was nice knowing you.I'll see you again in 27K
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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.
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.