BTC - Knock Knock, Any Bears want to come and play?
BTC is eating up the shorts at the moment; wicking above the 24k line and then falling back. However, the bulls aren't quite sold to pick it up at that level, either. They seem to like the $22.3-5K line though. If you're a strong range trader, this has been a prime opportunity for quite some time.
I still lean towards the opinion that the longs will receive their punishment soon though as the MACD 4 hr continues to build bearish divergence. With many of the big boy earnings out of the way now, and the macro economic fundamentals that haven't changed at all, things appear to be frothy and primed for the downside as soon as the majority of the shorts have been squeezed out and tricked into thinking it's long time.
God Speed.
I still lean towards the opinion that the longs will receive their punishment soon though as the MACD 4 hr continues to build bearish divergence. With many of the big boy earnings out of the way now, and the macro economic fundamentals that haven't changed at all, things appear to be frothy and primed for the downside as soon as the majority of the shorts have been squeezed out and tricked into thinking it's long time.
God Speed.
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.