Pair of lower highs here and a double top after a nice run up to the 1.272 on the Bullish dragon breakout!
(Inverted of course)
The idea here is Bitcoin (Inverted) does not look like an asset id be going long on, infact, it looks like a great asset to short.
This is a nice exercise to do when evaluating your bias.
I wouldnt be surprised to get another go at the lows we outlined in previous charts, but time frame is tough here, because while options expiry would suggest we will be over 39k tommorow, there is plenty of time to attack the lows and spring out of the range prior, or run to the highs first and then go for the lows afterwards when the liquidity is released. In either case, there has been no invalidation of the bullish trend, and my bias remains the same until invalid.
(Inverted of course)
The idea here is Bitcoin (Inverted) does not look like an asset id be going long on, infact, it looks like a great asset to short.
This is a nice exercise to do when evaluating your bias.
I wouldnt be surprised to get another go at the lows we outlined in previous charts, but time frame is tough here, because while options expiry would suggest we will be over 39k tommorow, there is plenty of time to attack the lows and spring out of the range prior, or run to the highs first and then go for the lows afterwards when the liquidity is released. In either case, there has been no invalidation of the bullish trend, and my bias remains the same until invalid.