BitcoinUpdated BTC : CT is bullish but the charts barely lie
A big cross is about to happen.
I have seen this play out over and over. Crypto twitter is neutral, then nearing a bearish cross, the opposite move happens making crypto twitter happy and monkeys fomoing.
A breakout scenario is played, but resists at the resistance (logical, right?), so the average dumb trader buys the fibonacci retracement dip thinking it's going to do a bullish impulsive wave C.
The most likely scenario would be for it to go down.
Best retards,
I have seen this play out over and over. Crypto twitter is neutral, then nearing a bearish cross, the opposite move happens making crypto twitter happy and monkeys fomoing.
A breakout scenario is played, but resists at the resistance (logical, right?), so the average dumb trader buys the fibonacci retracement dip thinking it's going to do a bullish impulsive wave C.
The most likely scenario would be for it to go down.
Best retards,
Note
My scenario is happening quite faster than I imagined.Note
okayyyy that's too much buying power, might not happenbut I got the long part correctly at least
I'm cautious now
Note
8500 is definitely a good retracement level regardless if it's a bull or bear scenarioNote
I m so damn good sometimesTrade closed: target reached
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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.