BitcoinShort
Be Wary of the Green Candles (Bear Flag Weekly)
As much as I love it when BTC moves up, it can be easy to FOMO in after a few days of green.
I'm still going short on BTC and adding to my position.
Bull Scenario
- Bulls push to 6.8k and if they clear that then 7k.
- The catalyst for Bitcoin to truly reverse the trend will be the ETF
Bear Scenario
- Patience wins out every time as we can see a bear flag forming on the weekly. '
- This'll take a week or so to play out so set your orders kick back and relax.
I'm still going short on BTC and adding to my position.
Bull Scenario
- Bulls push to 6.8k and if they clear that then 7k.
- The catalyst for Bitcoin to truly reverse the trend will be the ETF
Bear Scenario
- Patience wins out every time as we can see a bear flag forming on the weekly. '
- This'll take a week or so to play out so set your orders kick back and relax.
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.
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.