Bitcoin more bearish than expected (death cross)
In the last two weeks, I made several posts, all predicting the start of the DUMP phase of the COIN pump & dump.
I'm marking this post as a tutorial to sum up some bearish signs that everyone that is not a bot should be able to identify:
1. Rising wedge
2. Three black crows
3. Death cross
4. Volume divergence
5. MACD divergence
6. RSI divergence
Drop is faster & harder than I expected. I think no bounce can be expected before 40k, but it's 30k that I'm looking at.
This doesn't mean that the bounce is not that of a "dead cat" variant. Under 10k by the summer is very likely.
One last thing:
COIN IPO is the most classic pump & dump.
I'm marking this post as a tutorial to sum up some bearish signs that everyone that is not a bot should be able to identify:
1. Rising wedge
2. Three black crows
3. Death cross
4. Volume divergence
5. MACD divergence
6. RSI divergence
Drop is faster & harder than I expected. I think no bounce can be expected before 40k, but it's 30k that I'm looking at.
This doesn't mean that the bounce is not that of a "dead cat" variant. Under 10k by the summer is very likely.
One last thing:
COIN IPO is the most classic pump & dump.
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.