A look at the big picture shows obvious bearish bias, but for how long?
I expect March to be a very volatile month, though, it is hard to tell with all of the arbitrage going on!
Not that that is a bad thing, though, protect your positions.
LOGIC BEHIND SHORT :
1. WEEKLY EMAS CONVERGING INTO A BEARISH TREND.
2. NEW RESISTANCE HELD AND CLOSED FEBRUARY LOW.
3. MEMORIES OF MARCH BEING HISTORICALLY BEARISH DRIVING FOMO EXITS/BUYS.
4. LOWER TIME FRAMES INDICATE BEARISH MOMENTUM AS WELL.
5. I EXPECT A BULLISH HALVING, BUT I ALSO EXPECT A NEW ATL,
I expect March to be a very volatile month, though, it is hard to tell with all of the arbitrage going on!
Not that that is a bad thing, though, protect your positions.
LOGIC BEHIND SHORT :
1. WEEKLY EMAS CONVERGING INTO A BEARISH TREND.
2. NEW RESISTANCE HELD AND CLOSED FEBRUARY LOW.
3. MEMORIES OF MARCH BEING HISTORICALLY BEARISH DRIVING FOMO EXITS/BUYS.
4. LOWER TIME FRAMES INDICATE BEARISH MOMENTUM AS WELL.
5. I EXPECT A BULLISH HALVING, BUT I ALSO EXPECT A NEW ATL,
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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.