Yurlo
Long

BOTTOM IS IN STOP FOMO SHORTING THE BULL MARKET

GEMINI:BTCUSD   Bitcoin / U.S. Dollar
20 day moving average on 20 day shows 7800: THUS BEING SAID, in May we attempted to breach 8000 but bounced off 8100.

This tells me there was a reversal in trend change and we're on the way to a new ALL TIME HIGH by the end of 2021.

Trade active: Consolidation under 9300 tells me BTC is looking for another move up.

I was very drunk when i made this caption LOOOOOOL.

Excited to follow price action this week.

Comments

Thanks for sharing!
We are actually on the bearish side for the short-term.
The current low market interest might lead to a prolonged correction, and the more times we fail at breaking up, the more bearish BTC looks for the short-term. CME institutional traders’ net position remains similar to the level in mid-February 2020 (the BTC price peak before "black Thursday" 40% drop), and it has been dropping significantly since BTC attempted 10k. For a short-term bullish scenario to work, we would like to see the institutional net positions reversing to an increasing trend.
What do you think of our setup below?
Reply
Yurlo Phi-Deltalytics
@Phi-Deltalytics, Nice! We're consolidating under 9300 which tells me bulls applying more pressure then bears!

I was also drunk when i made this post.
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