[Bitcoin] Warning !

In TF4H BTC has not succeeded in extricating itself from the compression triangle in which it has been evolving for several days, which validates the hypothesis of a bearish pennant.

The accumulation of bearish signals and fractal analysis reinforce my idea of a weak retracement before another large decline.

This publication is a trend hypothesis.

Note

I am neither bull nor bear, I just follow the market.

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in TF2H a pullback is in progress, the drop is coming back soon ...

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Be careful, bulltrap in progress.

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This bulltrap is boosted by the FOMO of the moonboys, the denial of reality of inexperienced traders, but also the false good news that is looping on social networks.

Transaction en cours

s3.tradingview.com/snapshots/q/Qn6jsCUk.png

Note

Amazing bulltrap, be care.

Transaction en cours

Transaction en cours

BTC will strongly relapse this week.

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 in recent months
- a weekly bearish MACD cross
- a death cross in progress
- the great powers want to regulate the market

Note

In TF2h I see that the current technical rebound corresponds well to the expected result for a small bullish divergence in a downward configuration. IMO it's a real bulltrap.

Trade fermée manuellement

Bitcoin_Weather

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