Bear Market or Bear Trap? $6900 Weekly Update
Hey Gang, Quick Update!
BTC looks like its in free fall, or does it? On the 4 hour things actually look prepped for a bounce from a technical standpoint, but the overall market sentiment is very negative. I'd guesstimate that the majority of people are not expecting ETFs anymore, meaning that most of the selling off is over. This recent dip may very well be a bear trap too, but enter with caution here if you're considering it because on the daily/weekly, things still look rough. I'll be re-entering some of my position in BTC near 6800 with a SL @ 6600. Still expecting further moves downward though in the long term but you gotta hedge your bets.
Personal Bias: 24% Bullish / 76% Bearish
If you found this helpful and want to follow my day to day TA on BTC -0.64% , other alts, or just want to chat. Come check discord I work for --> discord.gg/m4d7cnG
There you'll find expert TA for multiple anaylists, educational videos, project write ups and so much more!
COMING SOON: rollinpremier.com/
With Love,
No_L
DISCLAIMER:
The information provided is not to be considered as a recommendation to buy certain assets or currencies and is provided solely as an educational and information resource -0.13% to help traders make their own decisions. Past performance is no guarantee of future success. It is important to note that no system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using the attached material will guarantee profits or ensures freedom from losses. I shall not be liable to the participant for any damages, claims, expenses or losses of any kind (whether direct or indirect) suffered by the participant arising from or in connection with the information obtained or ideas that I've shared.
BTC looks like its in free fall, or does it? On the 4 hour things actually look prepped for a bounce from a technical standpoint, but the overall market sentiment is very negative. I'd guesstimate that the majority of people are not expecting ETFs anymore, meaning that most of the selling off is over. This recent dip may very well be a bear trap too, but enter with caution here if you're considering it because on the daily/weekly, things still look rough. I'll be re-entering some of my position in BTC near 6800 with a SL @ 6600. Still expecting further moves downward though in the long term but you gotta hedge your bets.
Personal Bias: 24% Bullish / 76% Bearish
If you found this helpful and want to follow my day to day TA on BTC -0.64% , other alts, or just want to chat. Come check discord I work for --> discord.gg/m4d7cnG
There you'll find expert TA for multiple anaylists, educational videos, project write ups and so much more!
COMING SOON: rollinpremier.com/
With Love,
No_L
DISCLAIMER:
The information provided is not to be considered as a recommendation to buy certain assets or currencies and is provided solely as an educational and information resource -0.13% to help traders make their own decisions. Past performance is no guarantee of future success. It is important to note that no system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using the attached material will guarantee profits or ensures freedom from losses. I shall not be liable to the participant for any damages, claims, expenses or losses of any kind (whether direct or indirect) suffered by the participant arising from or in connection with the information obtained or ideas that I've shared.
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