If a bear should ask.
Updated
A lot of news coming in, and we have seen some volume ,
but neither we were dropped nor rocketed.
Now the bulls are protecting 7400 pivot - just like on the 5th of Dec 2019.
While the market repeats itself(see the chart since 27 Nov 2019),
traders are making bets if it will drop again just like on Dec 9 2019.
I'm still bullish with the buy positions in, but just placed a few short orders
in order to be safe from loosing all the deposit.
If it pumps up to 7700- we are gonna see the sky - rocket to 8100-8600.
Otherwise - I feel the bears will bring some big guns into play
and we will see BTC retesting bottom with inverse head and shoulders
formation and the second shoulder somewhere in between 6800-6900.
Time will tell...
but neither we were dropped nor rocketed.
Now the bulls are protecting 7400 pivot - just like on the 5th of Dec 2019.
While the market repeats itself(see the chart since 27 Nov 2019),
traders are making bets if it will drop again just like on Dec 9 2019.
I'm still bullish with the buy positions in, but just placed a few short orders
in order to be safe from loosing all the deposit.
If it pumps up to 7700- we are gonna see the sky - rocket to 8100-8600.
Otherwise - I feel the bears will bring some big guns into play
and we will see BTC retesting bottom with inverse head and shoulders
formation and the second shoulder somewhere in between 6800-6900.
Time will tell...
Trade active
Changes are coming on 1m!
Order cancelled
So, we are going full bearish, it seems. See you at the bottom again!
Related publications
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.