ridethepig | Bitcoin Finally Breaking Down
Cập nhật
📌 ridethepig | Bitcoin Finally Breaking Down
The goal of this swing as you all know by now is to test $28.000/$27,000 and show a real seizure of control from sellers. After another -8% today, it's clear in the ST sellers are doing their duty as we approach the first targets. The defence here is very feeble, fresh weakness should be considered indirect fruits of our operations!
We have to review the diagrams to understand our opposition:
The ABC retrace was clearly running out of steam, pressure on buyers to take back $40,000 was too great and they started coughing. Sharp speculators began profit taking while the unaware kept loading at the said ceiling. Any remaining buyers would do better at giving up the soft floor here and reloading lower as we are now falling flat on the concrete.
The pullback from here should be shallow and strongly protected from sellers in my opinion. The decision to stay remain short is natural and we should be able to continue exploiting the late buyers. We should pay particular attention if we break down as we will see $28,000/$27,000 main targets very quickly.
Thanks as usual for keeping the feedback coming 👍 or 👎
The goal of this swing as you all know by now is to test $28.000/$27,000 and show a real seizure of control from sellers. After another -8% today, it's clear in the ST sellers are doing their duty as we approach the first targets. The defence here is very feeble, fresh weakness should be considered indirect fruits of our operations!
We have to review the diagrams to understand our opposition:
The ABC retrace was clearly running out of steam, pressure on buyers to take back $40,000 was too great and they started coughing. Sharp speculators began profit taking while the unaware kept loading at the said ceiling. Any remaining buyers would do better at giving up the soft floor here and reloading lower as we are now falling flat on the concrete.
The pullback from here should be shallow and strongly protected from sellers in my opinion. The decision to stay remain short is natural and we should be able to continue exploiting the late buyers. We should pay particular attention if we break down as we will see $28,000/$27,000 main targets very quickly.
Thanks as usual for keeping the feedback coming 👍 or 👎
Ghi chú
Sequoia joining the party and willing to pay in BTC right on time for the pullback.Ghi chú
Ghi chú
A traditional update for NYGhi chú
Let's see if sellers can get the breakdown...
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.