BIT on ByBit setting up for a short + huge unlockWell, it has been a while since I posted ideas. I keep getting "timed out" by TV for things.
So let us try this simple rollover on the VoodooWarlord alerting a short on the technicals, and the fundamental fact that there is an unlock coming should give an excellent area to exit a long and turn to a short.
Keep an eye out for confirmation as it breaks under the golden dump line.
Risk vs reward, as always, needs to be weighed.
Plus, unconfirmed rumour USDC has now been given the overstep by the SEC to stop supplying.....seems like a recipe for the price of BIT to return to the lows it was just days ago.
Not investment advice
Voodoowarlord
Looks like we may be hitting a BTC bottom. Dollar cost averagingLooks like we may be hitting a BTC bottom. Dollar cost averaging areas of preversiou support and resistance have been fairly strong in the past but as always this doesn't indicate it will be a guarantee in the future.
We do see that a rest should be coming and some sidewise action following but we also have hit so very near the previous market cycle high.
For this and many reasons suchs the easy money short was weeks ago we are long on the sentiment
VoodooWarlord Trade trend indicator (improved NinjaScalper ) indicated a long area of mass casualties as accounts were in for much more blood on June 8th and that shared warning was still north of $30K bitcoin price.
We still have no strong conviction for a b uy area yet just strong points for DCA
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#NinjaScalper and the improved version #VoodooWarlord are trade trend aggregators used to help shape trade decisions in the Banter Bucks Wealth Fund neither are to be taken as investment advice.
They only provide edutainment
