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
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 clarity
Comment:
shorting the at the blue line
Comment:
we might get another drive to the upside. closed 6600$ short and am neutral