BITCOIN "FUD" !!! -Buy The Dip?
Updated
Bitcoin Bears have been taking over since Bitcoin set a New All Time High at 61K Price-Level after breaking the previous 58.4K mark as previous All Time High.
Things are looking bearish in the short term at the moment when this idea is put out.
The Black-Orange Fibbonacci Retracement,is taken from the breakout of Red trendline coming from the previous
ATH of 58.4K.
Bitcoin has broken down from it's Golden Pocket, and
Moving Averages have also curled down on the 4Hourly Candlesticsk time-frame creating a 'death-cross'.
Market is filled with FUD and New Hands are being shaken out, so HODL into your Bitcoin if you're in for the LONG-TERM and enjoy the RIDE.
Worth mentioning is that Dollar Index DXY has been pumping like ' a lot' this week, which indicates a strong dollar.
VIX Fear Index has already spiked up, showing fear from investors selling shares and assets they own by jumping into The Dollar.
Must keep eyes on everything in order to be more based on probabilities on where Bitcoin is headed.
SWING-TRADING(Short-Term)
Expect a bounce in the short term since Bitcoin is Finding Support at the Gann-Fan trendline and also a key level
Expect a bounce for Bitcoin to test the Yellow moving Average which corresponds also at the moment sitting at the golden pockets of Fibb.Retracement.
Also, keep an eye on Bitcoin Dominance in order to trade the Alts which have a better ROI for trading.
However, beware since Alternative Coins can burn your capital faster than Bitcoin if not traded strictly.
- NOTE THAT THIS IS NOT FINANCIAL ADVICE!
PLEASE DO YOUR OWN RESEARCH WITH YOUR OWN DILIGENCE BEFORE PARTAKING ON ANY TRADING ACTIVITIES BASED UPON THIS IDEA.
DO NOT SUE US, INSTEAD HELP US OUT IN ORDER TO OWN MORE BITCOIN AS MEANS OF HODLING FOR FUTURE GENERATIONS.
EVERY SATOSHI COUNTS, BECAUSE THERE IS WHERE WE ARE HEADED.
1PEcfn2PGoJTqhRNb9xchaCwJZGWw72hSj
Things are looking bearish in the short term at the moment when this idea is put out.
The Black-Orange Fibbonacci Retracement,is taken from the breakout of Red trendline coming from the previous
ATH of 58.4K.
Bitcoin has broken down from it's Golden Pocket, and
Moving Averages have also curled down on the 4Hourly Candlesticsk time-frame creating a 'death-cross'.
Market is filled with FUD and New Hands are being shaken out, so HODL into your Bitcoin if you're in for the LONG-TERM and enjoy the RIDE.
Worth mentioning is that Dollar Index DXY has been pumping like ' a lot' this week, which indicates a strong dollar.
VIX Fear Index has already spiked up, showing fear from investors selling shares and assets they own by jumping into The Dollar.
Must keep eyes on everything in order to be more based on probabilities on where Bitcoin is headed.
SWING-TRADING(Short-Term)
Expect a bounce in the short term since Bitcoin is Finding Support at the Gann-Fan trendline and also a key level
Expect a bounce for Bitcoin to test the Yellow moving Average which corresponds also at the moment sitting at the golden pockets of Fibb.Retracement.
Also, keep an eye on Bitcoin Dominance in order to trade the Alts which have a better ROI for trading.
However, beware since Alternative Coins can burn your capital faster than Bitcoin if not traded strictly.
- NOTE THAT THIS IS NOT FINANCIAL ADVICE!
PLEASE DO YOUR OWN RESEARCH WITH YOUR OWN DILIGENCE BEFORE PARTAKING ON ANY TRADING ACTIVITIES BASED UPON THIS IDEA.
DO NOT SUE US, INSTEAD HELP US OUT IN ORDER TO OWN MORE BITCOIN AS MEANS OF HODLING FOR FUTURE GENERATIONS.
EVERY SATOSHI COUNTS, BECAUSE THERE IS WHERE WE ARE HEADED.
1PEcfn2PGoJTqhRNb9xchaCwJZGWw72hSj
Comment
Congratulations upon taking action based upon the 'Swing Trading' Short Term recommandation upmentioned when this idea was published. TARGETS TO THE TICK !
-TRADE SAFE :D
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.