the bulls are back into their euphoric state, and are not going to expect this move if it comes.
btc rejected the 123.60% extension (barely making it up here lol)
it literally fought so hard to pull off this fake looking breakout, and now it's going to show its true colors yet again.
i think we saw a clean a-b-c to the recent highs,
and now we're going to see a clean 5 waves down into the local golden zone zone at 44.6k (maybe even lower btw).
ps. stated not too long ago in our trading room that i have exited all of my longs, and i am no longer interested in this upside swing as of this evening.
our indicators have called every single peak on bitcorn to date, and i don't think this time is any different.
✌
btc rejected the 123.60% extension (barely making it up here lol)
it literally fought so hard to pull off this fake looking breakout, and now it's going to show its true colors yet again.
i think we saw a clean a-b-c to the recent highs,
and now we're going to see a clean 5 waves down into the local golden zone zone at 44.6k (maybe even lower btw).
ps. stated not too long ago in our trading room that i have exited all of my longs, and i am no longer interested in this upside swing as of this evening.
our indicators have called every single peak on bitcorn to date, and i don't think this time is any different.
✌
Uwaga
just to be clear, i'm not short nor long. just patiently sitting in cash.Uwaga
the 200 daily exponential moving average lines up very nicely with the larger descending trendline. it could act as a magnet for price over the next 24~48 hours. this would be the ideal area to attempt to take a short (in my opinion)Uwaga
volume profile doesn't line up with this current move, and that's the biggest red flag for me. not a fan of things that go up on descending volume 😅if it keeps going, so be it - but i'm not touching it
Uwaga
good news for the bulls, i was wrong about this idea. if you're still long, hold on o/
Uwaga
we have volume + rsi bearish divergence. can it go higher? yeshow much higher? no idea
just be careful with this scam rally, when it breaks - it's going to drop quicker than it took to get up here.
Uwaga
Uwaga
🔨
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