Bitcoin Bearish Scenario
Notice how Bitcoin breaks below previous lows (circled) and then gets back above them?
I like that.
What I don’t like is that each time it bounces, it fails to surpass previous highs since March 2024.
It has attempted twice and failed both times. This indicates weakness.
From a psychological point of view, the market could be trapping longs here, given the history of bouncing once previous lows are swept.
Target:
I never liked this crypto shit anyway.
I like that.
What I don’t like is that each time it bounces, it fails to surpass previous highs since March 2024.
It has attempted twice and failed both times. This indicates weakness.
From a psychological point of view, the market could be trapping longs here, given the history of bouncing once previous lows are swept.
Target:
I never liked this crypto shit anyway.
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.