I closed my Long. I think we going to see a bear market now.
Why being Long now could be a bad mistake (I just closed my long)
-Daily MA resistance at $48300
-Weekly 200 MA at $20,300
-Weekly Gausian channel hasnt turned red this cycle.
-No volume on this breakout on Sunday/Monday
-Whales not buying according to on-chain data
-Inflation is getting worse, meaning retail investors cannot afford to invest in assets like Bitcoin, equites, and real estate due to rising prices.
-DXY has broken up out a bull flag today
-SP500, Nasdqa, Dow Jones look like fake pumps, ready to dump lower.
-Crypto bros overly bullish over Sundays pump makes me skeptical.
-2 weeks of green in Bitcoin and no significant pullback.
-FED rate hikes have begun
-The NFT bubble.
This will be funny if I am completely wrong. But ready to open a Short on BTC in the coming days. Wish me luck.
-Daily MA resistance at $48300
-Weekly 200 MA at $20,300
-Weekly Gausian channel hasnt turned red this cycle.
-No volume on this breakout on Sunday/Monday
-Whales not buying according to on-chain data
-Inflation is getting worse, meaning retail investors cannot afford to invest in assets like Bitcoin, equites, and real estate due to rising prices.
-DXY has broken up out a bull flag today
-SP500, Nasdqa, Dow Jones look like fake pumps, ready to dump lower.
-Crypto bros overly bullish over Sundays pump makes me skeptical.
-2 weeks of green in Bitcoin and no significant pullback.
-FED rate hikes have begun
-The NFT bubble.
This will be funny if I am completely wrong. But ready to open a Short on BTC in the coming days. Wish me luck.
Trade active:
Accuracy 100% atm. Still SHORT.