[Bitcoin] Warning
- crypto hype at its peak (euphoria)
- F&G index in extreme greed
- new ATH announced in mainstream media
- too many winners in the market for months
- vertical price rise since 40K
- momentum indicators in overbought zone for weeks
- several bearish divergences in TF4h
- downward trend in recent days
- the price action has broken its bullish oblique
- the renewed inflation will delay rate cuts
- F&G index in extreme greed
- new ATH announced in mainstream media
- too many winners in the market for months
- vertical price rise since 40K
- momentum indicators in overbought zone for weeks
- several bearish divergences in TF4h
- downward trend in recent days
- the price action has broken its bullish oblique
- the renewed inflation will delay rate cuts
Trade active
Take profits or set SL orders:Trade active
Update:Note
Take profits or set SL orders.Trade active
Note
TF1h: 71K rejected, bearish scenario still valid.Note
Rejection confirmed.Note
Strong rejection in progress.Note
Tough battle around the key level of 71K.Trade active
Note
Bitcoin is starting a long fall.Note
Beware, if Bitcoin rises back above 71K, the bearish scenario will be definitively invalidated.Trade closed: stop reached
I've misinterpreted the results of my predictive model on Bitcoin: the sharp drop isn't for now, actually there are three bullish spurts left until a new ATH.Trade closed manually
Note
Update:
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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.