1) g20 pump pre-weekly close is fresh in memory, could still happen again...
2) Close below 8k infirms the 'higher-low', which we are testing way too much past weeks. Divergences are meh (not superclean + weekly RSI support broke and next one shows that there is room for more downside...
https://gyazo.com/5ff0af38bb78d82e1a5077be7205e3a1
3) That CNBC girl was cringy (DEATH CROSS), but not a reason to totally ignore bearish facts + strong support at 3k
4) Permabulls are not panicked at all. We made like 2500% in 2017 so at a 60% drop we keep buying. Don't see any capitulation.
5) Therefore, I went ahead and started a tiny short from 7500. not to make money but to hedge losses: alot of my net worth is in crypto. I would be a happy man if proven wrong.
Still do believe we will see higher prices but god knows when.
2) Close below 8k infirms the 'higher-low', which we are testing way too much past weeks. Divergences are meh (not superclean + weekly RSI support broke and next one shows that there is room for more downside...
https://gyazo.com/5ff0af38bb78d82e1a5077be7205e3a1
3) That CNBC girl was cringy (DEATH CROSS), but not a reason to totally ignore bearish facts + strong support at 3k
4) Permabulls are not panicked at all. We made like 2500% in 2017 so at a 60% drop we keep buying. Don't see any capitulation.
5) Therefore, I went ahead and started a tiny short from 7500. not to make money but to hedge losses: alot of my net worth is in crypto. I would be a happy man if proven wrong.
Still do believe we will see higher prices but god knows when.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.