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Bitcoin_Weather
Jun 28, 2021 12:20 AM

[Bitcoin] Last bulltrap before the fall ... Short

BINANCE:BTCUSDT1D
Bitcoin / TetherUSBinance

Description

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Bullish trend up to $ 38,700 max, then reversal.


This publication is a trend hypothesis.

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Reminder of current bearish factors :
- a large bearish flag
- a strong MACD divergence
- a huge RSI divergence
- a steady increase in institutional short positions (COT report)
- a significant drop in volumes these last months
- a weekly bearish MACD cross
- a death cross in progress
- the great powers want to regulate the market
- China fights mining

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TF2h : current trend up to 36K then reversal ...

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The reversal area is probably between 34500 and 35500.

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The reversal is near, 36600 max.

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Bounce up to 36K then reversal.

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The reversal seems to have started.

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New bounce, reversal delayed.

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Downtrend in the next hours.

Comment

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In less than 24h.

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Resumption of the decline before the end of WE.

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The start of the huge fall is very near, so be careful.

Trade closed: stop reached

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invalidated scenario
Chart PatternsTechnical IndicatorsWave AnalysisBitcoin (Cryptocurrency)BTCBTCUSDBTCUSDTbearmarketbearmarketsignal
Comments
AlanSantana
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No good my friend.
BITCOIN IS KING! Up we go.

Thanks for sharing.
vcgray641
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@AlanSantana, :,D
esaharkhizan98
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LOL😘
Bitcoin_Weather
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@esaharkhizan98, we will see ;)
peeduh
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@CrypTrader31, Love your charts!
Bitcoin_Weather
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@peeduh, Thanks
CHRIS06400
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Hello ;

In closer time frame, I am looking to figure out how the price reacts in the green wedge below.
(for intraday long on alt)

The main the target is of course the break out of the top 35k
Today we saw that bearish divergence h1 on MacD, it made the job by rejecting the price at the 35k border.

Let’s see today if it’s the time for a rally to the south border or if we just need to take a breath before a new try… Or if we drop deep into your short trade…

Bitcoin_Weather
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@CHRIS06400, Thank you for sharing ;)
v4runs
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Awesome to see you updating this continually!
Bitcoin_Weather
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@v4runs, Thanks.
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