[Bitcoin] Last bulltrap before the fall !
Bullish trend up to $ 38,700 max, then reversal.
This publication is a trend hypothesis.
This publication is a trend hypothesis.
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Reminder of current bearish factors :- a large bearish flag
- a strong MACD divergence
- a huge RSI divergence
- a steady increase in institutional short positions (COT report)
- a significant drop in volumes these last months
- a weekly bearish MACD cross
- a death cross in progress
- the great powers want to regulate the market
- China fights mining
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The reversal area is probably between 34500 and 35500.Trade active
The reversal is near, 36600 max.Trade active
Bounce up to 36K then reversal.Trade active
The reversal seems to have started.Trade active
New bounce, reversal delayed.Trade active
Downtrend in the next hours.Note
In less than 24h.Trade active
Resumption of the decline before the end of WE.Trade active
The start of the huge fall is very near, so be careful.Trade closed: stop reached
invalidated scenario
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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.
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.