If this idea is invalidated. I'm going to fasten my seat belts and hope for a retest of 200 day moving average to fill my long bids. Until then my priority remains catching downwards moves.
Greed is rising, long overexposure in increasing and buyer exhaustion is beginning to increase.
My impression is that this upwards movement is caused by Iran FUD, followed by FOMO pump, which is now breaking resistance, but could dump really hard any time soon.......
Greed is rising, long overexposure in increasing and buyer exhaustion is beginning to increase.
My impression is that this upwards movement is caused by Iran FUD, followed by FOMO pump, which is now breaking resistance, but could dump really hard any time soon.......
Trade active
if it breaks down from here, happy to only be flat usd. If bulls push up above 8600 Ill flip flat into btc with tight sl, in case we break 200 day ma resistance.
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Shout out to Trading V2, who send me pm pointing out the wedge!tradingview.com/u/TradingV2/
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Reflection after pump yesterday
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sharpening my view on it today
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First yellow target on upper resistance of wedge should be forgotten, way to risky
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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.