Bitcoin downtrend starting?
When looking at the weekly we clearly have some very old, strong fractals. Remember macro pattern/fractals are MUCH stronger than micro patterns. We have bullish for the past few weeks, time for a few weeks down.
Will be holding my short for at least a week. Expecting a wick out of the fractal but not a close above. If we get a close above it's likely a bull market to fill the CME gap @ 9k.
REMEMBER
Risk Management 50% of trading
Technical analysis 25% of trading
Fundamentals 25% of trading
Don't forget to drop a like!
Feel free to engage and ask questions!
Best of luck to everyone!
Will be holding my short for at least a week. Expecting a wick out of the fractal but not a close above. If we get a close above it's likely a bull market to fill the CME gap @ 9k.
REMEMBER
Risk Management 50% of trading
Technical analysis 25% of trading
Fundamentals 25% of trading
Don't forget to drop a like!
Feel free to engage and ask questions!
Best of luck to everyone!
Nota
Looks like we will be filling the CME gap sooner than i had anticipated. TA still has not been invalidated. Rug pull after CME gap fill
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.