TradingView
Bitcoin_Weather
Mar 18, 2024 8:13 PM

[Bitcoin] Warning Short

Bitcoin / TetherUSBinance

Description

- 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:
Comments
hchau2k19
To all market makers, PLEASE PLEASE SELL, I DARE YOU 🤣 I need to fill up my bag again
rami.levran
You'll be lucky to see 50k.
klavan
were bottoming, next stop about 90k
klavan
@klavan fasten your seatbelt
bed87
Down we go, soon soon.
mramir20
😂😂
alhakamiasem
I don’t understand why people are laughing. Like it or not this is his prediction. I’m happy to see these kids laughing in every comment. We have someone to sell on. 😅💰
emadill915
30K😂😂😂. That is comical
emadill915
@emadill915 I agree it’s going down more, but there’s no way it even goes to 40 K
MVPMC
gonna top out at 90K
More