- 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.
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Rejection confirmed.
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Strong rejection in progress.
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Tough battle around the key level of 71K.
Trade active
Comment
Bitcoin is starting a long fall.
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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.
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