BTC following Bearsh Divergence signal
Hi folks!
For my massive warning based on the global macro state, see linked post.
Otherwise, BTCUSD posted a very clear Bearish Divergence on the 1h the past day or two which seems to play out according to the signal now (sell signal marked with red vertical line).
Also, before the El Salvador news and the latest round of "Pin The Donkey - Elon version", we saw a big breakdown from a symmetric triangle - and given the rather muted reaction to these events, this might act as a confirmation of the said bearish breakout.
Marked short because I believe we will see lower prices - not because I am opening a short position (as I do not short except under very special states such as "Sell the news"-events like the Eth 2.0 launch in Dec/Coinbase launch. My point of making this post is as a warning not to be greedy in a macro state where one should be very fearful as an investor.
Otherwise, I am a massive fan of a Decentralized financial system, so I am very bullish on some crypto projects in the long haul, and also have a decent amount of ADA and DOT staked in their respective protocols.
DYOR.
NFA.
Never take the word of others as a given!
I wish you all well :)
For my massive warning based on the global macro state, see linked post.
Otherwise, BTCUSD posted a very clear Bearish Divergence on the 1h the past day or two which seems to play out according to the signal now (sell signal marked with red vertical line).
Also, before the El Salvador news and the latest round of "Pin The Donkey - Elon version", we saw a big breakdown from a symmetric triangle - and given the rather muted reaction to these events, this might act as a confirmation of the said bearish breakout.
Marked short because I believe we will see lower prices - not because I am opening a short position (as I do not short except under very special states such as "Sell the news"-events like the Eth 2.0 launch in Dec/Coinbase launch. My point of making this post is as a warning not to be greedy in a macro state where one should be very fearful as an investor.
Otherwise, I am a massive fan of a Decentralized financial system, so I am very bullish on some crypto projects in the long haul, and also have a decent amount of ADA and DOT staked in their respective protocols.
DYOR.
NFA.
Never take the word of others as a given!
I wish you all well :)
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