Here we have the 4H with my previous overlay (using the fractal from April '21 highs). So far it has structurally played out very nicely. I do foresee one more pop to the upside around $1.25/$1.26 and then heavy downward pressure until sub $1.00. On the 15M chart you can see the trend line that we would need to break to invalidate my $1.26 short entry, but I would much rather the price just clear through it all, invalidate my idea, and I take a small loss as I re-enter above $1.36. I hope we can all go to the moon, but I've learned my lessons over the last 4 years, and can see these move very easily playing out. Currently the Fear & Greed Index is still sitting at 'Greed' and until it turns to fear, I'll remain bearish in the near term. Ultimately we go up! Happy scalping!
-Cheers!
This is not financial advice, nor am I a financial advisor. Do your own research and/or consult a financial advisor for financial advise.
finally...someone else not following the moonboys and their idiocy. I agree with your assessment.
jdo85
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@dna1434evr being bearish at this moment in time would be more stupid ... the multiyear bearmarket wil start in 5 -6 months after the fireworks,btc dominance wil drop altcoins wil pop like crazy....why? ive seen it before