Bitcoin bull market? Not any time soon!
Hi guys, as in my all previous analysis I remain still strongly bearish in Bitcoin. Don't want to write here very much, everything important is in the study!
Take care!
-DP-
Take care!
-DP-
Note
4 hour local uptrend channel was broken and it's being backtested righ now. we should start to fall from here..tradingview.com/chart/T2q9d4HA/
Note
Note
Note
Guys, we will definitely have lifetime short opportunity BUT always take care about YOUR MONEY and RISK MANAGEMENT! 1) Do not be stupid and DO NOT PLACE over leveraged position right know as vast majority of the dumb traders as you can see at numbers of the over leveraged shorts now. Again - DO NOT this otherwise you will be rekt like as all of those greedy kids will be in the next 5 days or so!
2) Place your SL ACCORDINGLY to your target. My max target is around 2,5k so I will not place my SL too tight from my position cause my target as far below from here. My recommendation is at least 6400 or higher! 6500 is just perfect
3) Be patient and wait for confirmation the sucker's rally is over (usually bearish engulfing candle) The you can start to leverage a bit more
take care!
Note
Bulls should not pass 6250-6300 level. Use SL anyway!Note
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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.