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Teklologist
Apr 3, 2019 10:03 PM

BTCUSD: Consider Selling 

Bitcoin / DollarBitfinex

Description

I've remained pretty bullish these past couple of days. However, upon noticing this I'm considering selling.

Comment

Recalibrated some numbers and took a second look. Much more optimistic. Bull market still ongoing, but might drop back towards $3700.
Comments
Jeff_Cryptopop
I agree. In addition....

-9 candles on several time frames, all culminating tomorrow, which usually means a hard dump (and especially so if it turns green early).
-Retest lows for support (because we didn't fall that hard for nothing).
-Bearish divergences were present on 1D, 4H and 1H even before this pump. Plus we were inside a bull trap as well.
-Impulse drops like we had from 5800 almost never happen singularly. Usuallys in pairs, the second being a deeper cut.
-No real news to fuel a rally fundamentally. Without it, sentiment is quite schizo.


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