Bitcoin, as we know took a MASSIVE dump.
And we know all the crypto youtubers are screaming this is bullish...
The reallity is:
We had alot of bearish divergence confluence in alot of indicators
We death crossed, tested and rejected the cross in the 12h
Volume is falling while price is rising after a dump, which indicates shorts are closing, not that people are buying.
We refused to open and close above the daily 21 ema
we got a fakeout when trying to break above the downtrend.
we didnt even tested the most important price before getting rejected (7700)
No, this isnt bullish bois.
And we know all the crypto youtubers are screaming this is bullish...
The reallity is:
We had alot of bearish divergence confluence in alot of indicators
We death crossed, tested and rejected the cross in the 12h
Volume is falling while price is rising after a dump, which indicates shorts are closing, not that people are buying.
We refused to open and close above the daily 21 ema
we got a fakeout when trying to break above the downtrend.
we didnt even tested the most important price before getting rejected (7700)
No, this isnt bullish bois.
Trade active
First target reached.
plan is to take it level by level until the full picture unveils.
from seeing the exaggerated bearish divergence I am not too expectant of a big pump
Trade closed manually
Indicators are turning, profit taken, waiting for clarityNote
shorting the at the blue lineNote
we might get another drive to the upside. closed 6600$ short and am neutral
Welcome to my trading journey! I'm a passionate trader fed up with fake gurus and misleading strategies that lead many new traders astray. Here, we focus on breaking the cycle of mediocrity by thinking outside the box.
discord.gg/whbrR6uNsX
discord.gg/whbrR6uNsX
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.
Welcome to my trading journey! I'm a passionate trader fed up with fake gurus and misleading strategies that lead many new traders astray. Here, we focus on breaking the cycle of mediocrity by thinking outside the box.
discord.gg/whbrR6uNsX
discord.gg/whbrR6uNsX
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.