Hi,
The start of the week for Bitcoin bulls is not the best I guess. I had that gut feeling in the morning when I said to my followers that it might start to fall and said that the new ATH could be just a fakeout. The chances of that have risen!
Could or might or whatever but now, for me, it is relatively confirmed. The confirmation came after a 4-hour candle close below the previous all-time high, which should have acted as support, and candle close below the trendline. It is not the full candle close but still, it might be a start of at least 10% correction downwards!
Obviously, this is risky as hell, because who wants to short Bitcoin :D
So, if you cannot manage your risks then do not even try it!!..but for bulls, take out your profits, at least partially - we have a bearish confirmation, as I have said this before: numbers on your screen won't feed your family!
Stay healthy,
Vaido
The start of the week for Bitcoin bulls is not the best I guess. I had that gut feeling in the morning when I said to my followers that it might start to fall and said that the new ATH could be just a fakeout. The chances of that have risen!
Could or might or whatever but now, for me, it is relatively confirmed. The confirmation came after a 4-hour candle close below the previous all-time high, which should have acted as support, and candle close below the trendline. It is not the full candle close but still, it might be a start of at least 10% correction downwards!
Obviously, this is risky as hell, because who wants to short Bitcoin :D
So, if you cannot manage your risks then do not even try it!!..but for bulls, take out your profits, at least partially - we have a bearish confirmation, as I have said this before: numbers on your screen won't feed your family!
Stay healthy,
Vaido
Note
There could be a second opportunity to short it but the price of BTC needs to get back up within 3 to 6 hours.
🔍I do the technicals - so You don’t have to.
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
Related publications
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.
🔍I do the technicals - so You don’t have to.
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
Related publications
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.