We have formed a bearish evening star doji candle right at resistance. The last time we had such a candle at resistance BTC fell 20% in about 12 hours. Even though bitcoin has been completely invalidating all bearish scenarios, I think this is the one that does it in. Not to mention the ridiculous bearish divergence that has been playing out. Most bears have now flipped to bulls and the moon boys are extremely euphoric. We could very well see a large pullback here in the upcoming hours. But who knows BTC is so manipulated that it could just defy all TA once again and just continue to the upside, but I wouldnt bank on it. I would expect alt coins to take a massive hit as well. Ive opened a short here. Looking to take profit around 47.5K.
Thank you for viewing my post!
Thank you for viewing my post!
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.
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.