Get started
MetaShackle

Bitcoin (BTC) likely to selloff shortly after the 4/20 halving.

Bitcoin (BITSTAMP:BTCUSD)  
MetaShackle  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTC Bitcoin (Cryptocurrency) BTCUSD BTCUSDC BTCUSDT btchalving bitcoinhalving bitcoinprice btcupdate
2
1
trendanalysis chartpattern indicator btc bitcoin btcusd btcusdc btcusdt btchalving bitcoinhalving bitcoinprice btcupdate
Bitcoin has been on an absolute tear for the past few months, and its run from 27K to 70K+ was one with no major corrections, which is something to be cautious of. If you study the charts, you'll see that BTC generally sells off for a period after the halving (buy the rumor, sell the news) at its finest. I think we are going to see a sell-off shortly after the halving that's going to liquidate many traders who joined the party a little too late and will be major profit-taking for those who got in early, using the euphoric buying as exit liquidity.

Be cautious!

Good luck, and always use a stop-loss!
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.