BTCUSD MNT: WARNING to crypto perma bulls (UPDATE)
BTCUSD MNT: WARNING to crypto perma bulls (UPDATE)
Tagged as SHORT because I expect correction
in the crypto market, unless monthly
candle improves next week.
🔸 Summary and potential trade setup
::: BTCUSD monthly chart review/outlook
::: updated/revised outlook
::: STILL MAINTAINT BEAR OUTLOOK!
::: let's review 3 monthly candles
::: IMPORTANT: this week is
::: the most important week in 2021!
::: monthly ALREADY closed with MASSIVE WICKS
::: on SUPER heavy volume
::: BULL RUN is over in crypto
::: right now let's review 3 candles
::: BTCUSD / XLMUSD / NANOUSD
::: BTCUSD monthly candle wick > 60%
::: XLMUSD monthly candle wick > 50%
::: NANOUSD monthly candle wick > 50%
::: XLM and NANO are key proxies of BTCUSD
::: they frequently lead the market as well
::: finally, we are closing in on the anniversary
::: of the 50%+ DUMP in 2020 (FEBRUARY-MARCH 2020)
::: so CAUTION recommended going forward
::: short-term range / mixed / more gains likely
::: overbought / so expecting correction
::: good luck traders!
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: HIGH PROB OF CORRECTION
::: Sentiment outlook short-term: RANGE/MIXED
Tagged as SHORT because I expect correction
in the crypto market, unless monthly
candle improves next week.
🔸 Summary and potential trade setup
::: BTCUSD monthly chart review/outlook
::: updated/revised outlook
::: STILL MAINTAINT BEAR OUTLOOK!
::: let's review 3 monthly candles
::: IMPORTANT: this week is
::: the most important week in 2021!
::: monthly ALREADY closed with MASSIVE WICKS
::: on SUPER heavy volume
::: BULL RUN is over in crypto
::: right now let's review 3 candles
::: BTCUSD / XLMUSD / NANOUSD
::: BTCUSD monthly candle wick > 60%
::: XLMUSD monthly candle wick > 50%
::: NANOUSD monthly candle wick > 50%
::: XLM and NANO are key proxies of BTCUSD
::: they frequently lead the market as well
::: finally, we are closing in on the anniversary
::: of the 50%+ DUMP in 2020 (FEBRUARY-MARCH 2020)
::: so CAUTION recommended going forward
::: short-term range / mixed / more gains likely
::: overbought / so expecting correction
::: good luck traders!
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: HIGH PROB OF CORRECTION
::: Sentiment outlook short-term: RANGE/MIXED
đź’Žall my links on one page
taplink.cc/prsyndicate
🔥primary telegram channel
t.me/thesyndicate001
🚀75%+ win rate free gold signals
t.me/syndicategold001
🏧MT4 Forex EA/bot 5%/day AI algo trading
breakoutedge.cc/
taplink.cc/prsyndicate
🔥primary telegram channel
t.me/thesyndicate001
🚀75%+ win rate free gold signals
t.me/syndicategold001
🏧MT4 Forex EA/bot 5%/day AI algo trading
breakoutedge.cc/
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.