The state of BTC
Updated
BTC is in a make-or-break situation. Both short and long setups are in play at the moment but I'd say that longs have the advantage here because of how it defended the 29800 level, and how it reacts to the cloud most of the time. That means BTC has 2-3 days to decide where to go (favors long positions). Also an important time for indices where the same decision is about to be made. I wonder if we may get the last push to 32k and then a black swan that would hit the markets and stop them from going to ATH. May not happen and we can just moon. Then the stock market bubble will be far worse than I could've imagined but it makes sense in the grand scheme of things.
Note
Entered short at 30176. Feels like a dump. SL at 31600. Small position so it won't hurt if something goes wrongNote
I'm about to add to this position if we go up today. If that plays out take profits would be somewhere in the 24-21.5k rangeNote
Adding to my short. Gonna add again at 30800 if it goes that highNote
Added at 30766Note
TP's at 28400, 24-23k, 21500Note
LolNote
Markets look as if they are preparing for a drop. JPY going up hard, gold going up hard, even silver going up hard, dollar index just went to 100. Also big weekly chart consolidation on Dow which looks like guys are unloading their paper. Nasdaq also consolidating but managed to hit a new high which in my opinion is heavily overextended at the moment. Maybe tomorrowNote
Just stopped me out. Ripple pumped the whole cryptoNote
This was so unfortunate. Stopped me out because of the news but whales were still rejecting these prices. More downside is likely here
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.