Btc short
Updated
Bitcoins adventure above 19k is over for this time. For anyone who wanted to see this was pure distribution on both occasions price stayed on this level.
SCMR is already indicating the trend in red on medium TF and expecting and accelerated move to the downside after this bearish retest of weekly OB.
Btc will need to go lower to draw liquidity and re-accumulate for a new push upwards. Likely this will be lower than most expect and will be a very painful experience for over-leveraged longs already having their bags packed for moon mission.
SCMR is already indicating the trend in red on medium TF and expecting and accelerated move to the downside after this bearish retest of weekly OB.
Btc will need to go lower to draw liquidity and re-accumulate for a new push upwards. Likely this will be lower than most expect and will be a very painful experience for over-leveraged longs already having their bags packed for moon mission.
Note
Bears are likely to see them badly squeezed today, so better hedge those shorts. While CT was expecting Btc to roll over and die quickly it drew liquidity below 18k or a good squeeze that might bring it slightly above 19k again for a moment.
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