COIN
Is suddenly slumping from a major point of high liquidity:
- It is above ATH resistance
- It is hitting a long term ascending trendline take from the first two significant peaks of the bull trend.
- It has pivoted within a reverse 2.272 Golden Window (up to 2.414) taking the 2 pivots at the base of the minor degree uptrend.
Coinbase has been on a significant rally in this area ahead of other Bitcoin Treasuries that have been corrective.
But if it gains momentum, then we may see some significant downside.
I entered a short and have may let it run a little if it made a new high;- this is a low margin entry 👍.
This analysis is shared for educational purposes only and does not constitute financial advice. Please conduct your own research before making any trading decisions.
Is suddenly slumping from a major point of high liquidity:
- It is above ATH resistance
- It is hitting a long term ascending trendline take from the first two significant peaks of the bull trend.
- It has pivoted within a reverse 2.272 Golden Window (up to 2.414) taking the 2 pivots at the base of the minor degree uptrend.
Coinbase has been on a significant rally in this area ahead of other Bitcoin Treasuries that have been corrective.
But if it gains momentum, then we may see some significant downside.
I entered a short and have may let it run a little if it made a new high;- this is a low margin entry 👍.
This analysis is shared for educational purposes only and does not constitute financial advice. Please conduct your own research before making any trading decisions.
Note
In case you are not following my other content, this is a hedge against my other crypto positions and you can see their progression on my Bitcoin threads where I cover crypto as a while in video.Note
I have taken profit in altcoin longs, and so this trade is no longer a hedge.See my recent TOTAL thread for details
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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.