Rising wedge broke down, MACD turning bearish, alma (21, 55) bearish cross, rejection of 50% retracement of the dump, potentially bubble bursting.
Targeting 1600-1700 area: major trendline from last sub 900 low, 377 ma, 61.8% retracement of the whole bull run, 1.272 extension of the correction and broken wedge target.
Stop-loss 2265
**I was cleaning the chart while the dump started, the entry for this short was the wedge breakdown at ~2230. I would enter over 2200**
Targeting 1600-1700 area: major trendline from last sub 900 low, 377 ma, 61.8% retracement of the whole bull run, 1.272 extension of the correction and broken wedge target.
Stop-loss 2265
**I was cleaning the chart while the dump started, the entry for this short was the wedge breakdown at ~2230. I would enter over 2200**
Note
2220-2250 is the place to enter this short
Note
This in coinbase targeting 1620-1720.
Note
I got trapped in that fake breakdown. Got stopped at 1.55% loss.Looking at that wedge now for a new breakdown.
Note
Could happen anytime soon. Be ready
Note
I still think there is a bear case.Note
Closer look.
4h closing under 2500 or breaking 2460 would trigger my entry.
Note
Screaming top imo.
RSI, MACD and volume divergences, those wicks in the ath candles... ready to short down to 1700 area for starters
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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.