Bitcoin_Weather

[Bitcoin] Warning

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
- crypto hype at its peak (euphoria)
- F&G index in extreme greed
- new ATH announced in mainstream media
- too many winners in the market for months
- vertical price rise since 40K
- momentum indicators in overbought zone for weeks
- several bearish divergences in TF4h
- downward trend in recent days
- the price action has broken its bullish oblique
- the renewed inflation will delay rate cuts
Trade active:
Take profits or set SL orders:
Trade active:
Update:
Comment:
Take profits or set SL orders.
Trade active:
Comment:
TF1h: 71K rejected, bearish scenario still valid.
Comment:
Rejection confirmed.
Comment:
Strong rejection in progress.
Comment:
Tough battle around the key level of 71K.
Trade active:
Comment:
Bitcoin is starting a long fall.
Comment:
Beware, if Bitcoin rises back above 71K, the bearish scenario will be definitively invalidated.
Trade closed: stop reached:
I've misinterpreted the results of my predictive model on Bitcoin: the sharp drop isn't for now, actually there are three bullish spurts left until a new ATH.
Trade closed manually:
Comment:
Update:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.