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ArShevelev
Sep 20, 2021 11:47 AM

Bitcoin Might be Bullish, but Prepare for Worst! 

Bitcoin all time history indexINDEX

Description

BTCUSD down about -8% from today opening, dragging down whole altcoin markets.
Bitcoin opens today in weaker structure than I thought. Shape obviously looking like H&S and 42800 neckline may not hold much...

Bitcoin always drag altcoins more % down than itself. Dominance chart confirms the idea. So be careful, especially if you took alts during recent period of 2 months.


Today bitcoin may stay near 44-ish zone, also expected some false shakeouts up and downs. So be patient before taking any risk on current, I should say, choppy environment.

US market opening soon, might open below prior closing, which drag down SP and stocks down by a few %.


So wait for your opportunity and now it is better to hedge your investments with stable assets.

Best regards
Artem Shevelev
Comments
watchtrend
Like it, nice work
Arash_Kamangir2020
ArShevelev
@mohammad168, do you think 29k is for buy or just stop and go?
BlessedBlasphemer
agreed / good idea
ArShevelev
Wolf_of_Trading
nice chart , my idea is for short way
ArShevelev
@Wolf_of_Trading, let us know what about long term, where we are on your opinion?
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