Hey, everyone!
Now it's time to talk about the Bitcoin mid term analysis. A week ago I warned you that the insane bearish signal has been flashedđź”´. This signal is a divergnece. I cosidered the one more leg up to $26k, but I told you that it's not obligatory. I traded at local time frame in the direction of a trend. That's why I opened short just before the crash.
Today we received the downtrend confirmation📉. After the Awesome oscillator's bearish divergence the price has finally printed the red candle on my indicator. This indicator is just a combination of fractals and Alligator. It shows us the current trend.
In my opinion the price now is going to reach the 0.61 Fibonacci level at $20k. The further decisions we will make later. Now I am still holding my short.
Best regards, Ivan
Now it's time to talk about the Bitcoin mid term analysis. A week ago I warned you that the insane bearish signal has been flashedđź”´. This signal is a divergnece. I cosidered the one more leg up to $26k, but I told you that it's not obligatory. I traded at local time frame in the direction of a trend. That's why I opened short just before the crash.
Today we received the downtrend confirmation📉. After the Awesome oscillator's bearish divergence the price has finally printed the red candle on my indicator. This indicator is just a combination of fractals and Alligator. It shows us the current trend.
In my opinion the price now is going to reach the 0.61 Fibonacci level at $20k. The further decisions we will make later. Now I am still holding my short.
Best regards, Ivan
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