BTCUSD provided a short sell entry as the bearish flag breakthrough was followed by a break of the 50DMA. Following the ETF approval, there was a surge in distribution, indicating a local top. I believe it is time for BTCUSD to make a major pivot.
I am an optimistic person, and shorting does not fit my psychological profile, thus I prefer long-only trading. And, yes, we should keep in mind that we are still in the early stages of a bull market.
Note - Altcoins like ETH and BNB are forming bullish flags signifying a divergence.
I am an optimistic person, and shorting does not fit my psychological profile, thus I prefer long-only trading. And, yes, we should keep in mind that we are still in the early stages of a bull market.
Note - Altcoins like ETH and BNB are forming bullish flags signifying a divergence.