nagihatoum

BTC bloody January

Short
BNC:BLX   Bitcoin Liquid Index
It is the first week of January and the bulls are sky high and the bears are in disbelief and some are REKT. Remember 6 out of 8 Januaries resulted in dumps. But prior to a dump,the first week had a pump.

I updated my previous bloody January idea to fit the current bull run, now the current price action looks extremely similar to October 25th after the mega pump. The RSI is high and has plenty of room to drop while forming a bullish divergence with the previous low.


The Alts will dump as well, harder than BTC.





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.