On the weekly Bitcoin chart, there’s a clear bearish rising wedge pattern, and right now it’s trading near the lower side of that wedge — getting ready for a downward weekly breakout.
But let me remind you of something important — this will likely be part of a psychological game played by market makers, so remember my words carefully:
- Bitcoin will break down from the wedge, giving a bearish signal, and many traders will enter short positions.
- It’ll even dip slightly below the 50 EMA, making everyone more confident in the bearish move.
- Then, it’ll reverse sharply upward, liquidating all the short positions.
Market makers always make you believe your plan is playing out perfectly — right before they turn against you and take your money.
So stay alert, place your buy orders slightly below the 50 EMA, and avoid using high leverage.
Best Regards:
Ceciliones🎯
But let me remind you of something important — this will likely be part of a psychological game played by market makers, so remember my words carefully:
- Bitcoin will break down from the wedge, giving a bearish signal, and many traders will enter short positions.
- It’ll even dip slightly below the 50 EMA, making everyone more confident in the bearish move.
- Then, it’ll reverse sharply upward, liquidating all the short positions.
Market makers always make you believe your plan is playing out perfectly — right before they turn against you and take your money.
So stay alert, place your buy orders slightly below the 50 EMA, and avoid using high leverage.
Best Regards:
Ceciliones🎯
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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.
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.