The weakness in Bitcoin and inability to hold above the recent highs, plus the current chart action indicates we're likely headed lower, to the $42k to $40k area.
Doesn't take fancy chartwork, indicators, or 'studies' to see what's likely coming, so protect any longs and stay in cash to buy back lower.
Bitcoin needs a rest before running much higher, and the sooner this is done and out of the better.
Open to any counter arguments why I'm wrong, but I've been seeing this and saying this for over a week now.
Doesn't take fancy chartwork, indicators, or 'studies' to see what's likely coming, so protect any longs and stay in cash to buy back lower.
Bitcoin needs a rest before running much higher, and the sooner this is done and out of the better.
Open to any counter arguments why I'm wrong, but I've been seeing this and saying this for over a week now.
25-year investor & trader, bought 1st BTC at $20
More information:
Moonstream Crypto: moonstream.io
M3 Active Trader: Moonstream.io/M3
Trading Signals: CryptoMastery.org/pro
Work With Me 1:1
moonstreamcoaching.com
More information:
Moonstream Crypto: moonstream.io
M3 Active Trader: Moonstream.io/M3
Trading Signals: CryptoMastery.org/pro
Work With Me 1:1
moonstreamcoaching.com
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.
25-year investor & trader, bought 1st BTC at $20
More information:
Moonstream Crypto: moonstream.io
M3 Active Trader: Moonstream.io/M3
Trading Signals: CryptoMastery.org/pro
Work With Me 1:1
moonstreamcoaching.com
More information:
Moonstream Crypto: moonstream.io
M3 Active Trader: Moonstream.io/M3
Trading Signals: CryptoMastery.org/pro
Work With Me 1:1
moonstreamcoaching.com
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.