AKM777

BTC Futures Wall Street Bears coming

Short
COINBASE:BTCUSD   Bitcoin
I am expecting a bull trap before massive shorts come in. 50 MA $8500 , 7.3 100 EMA, 5.5 200 MA and 4.7k EMA. A full .786 retracement puts us at 4.7k and .618 7.1k. Dailly RSI confirms a bearish divergence. Markets fall faster than gain, and big money will take advantage of the volatile market. Be careful going long here. Nothing goes up in a straight line forever , market retracements are a healthy part of markets. I wouldn't go in anymore than 10% equity until things clear up with what the big money wants to do. But I highly doubt banks will pump this as Bitcoin is a threat to them.
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.