BIg red triangle all chart is in is descending triangle BTC currently in and expected to brake to the downside.
Two possible formations on chart - wedge and double top.
I think it's time to open long term shorts. Bull line doesn't seem to be achievable from what i see on any timeframe.
Trade at your own risk.
PS. I found that SPX 500 and BTC charts having most of the time simultaneous south moves.
SPX is overbought and about to drop , Tim Cook sold all of his apple recently and i believe as top SPX company CEO sells his shares - it means something.
Two possible formations on chart - wedge and double top.
I think it's time to open long term shorts. Bull line doesn't seem to be achievable from what i see on any timeframe.
Trade at your own risk.
PS. I found that SPX 500 and BTC charts having most of the time simultaneous south moves.
SPX is overbought and about to drop , Tim Cook sold all of his apple recently and i believe as top SPX company CEO sells his shares - it means something.
Note
So from what i see we are speculating on low volume. Some people see volume irrelevant..
I think it's pure logic behind illogical behavior of trades.
IF ANYONE NOTICED , we had huge volume spike that resulted in only 120$ bounce, and shorts had dramatically increased over a few hours.
I think only gotdamn traders left in space. 0% Hype left.
We are set to go lower. This is chicken without head kind of dance.
Note
BTW previous, equally sized green spike was 400$+
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.
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.