BITCOIN 😒 Wyckoff Distribution 👎 Short term pullback...

10 thg 1, 2021

For Educational Purposes only. Please do not short Bitcoin while it's above its 200 Day Moving Average!
😢 More bearish than bullish sentiment based on price moves in relation to decreasing volume and decreasing Relative Strength Index.
💚 Bitcoin may have a chance to bounce off the 0.618 Fibonacci Retracement at $38,642
🚨 Bitcoin may break down and at the Sign of Weakness - Support Line at $36,571

10 thg 1, 2021

Ghi chú

Possible Bull Volume Reversal Spike???

11 thg 1, 2021

Ghi chú

I dunno guys... this bounce attempt looks like it's fading.

11 thg 1, 2021

Ghi chú

Looks like a bounce from here. Let's hope Bitcoin just ranges sideways for months to let the Altcoins catch up!

12 thg 1, 2021

Ghi chú

50 Percent of the dump got retraced!
Now it's decision time for the Bulls and the Bears,
who will prevail?

Purple line is 1 Hour - 200 EMA

12 thg 1, 2021

Ghi chú

50 Percent Rule:
investopedia.com/terms/f/fiftypercentprinciple.asp

13 thg 1, 2021

Ghi chú

Looks like a complex sideways correction. This is where all the day traders lose all their gains. Your Stop Losses will get tagged above and below. Do not trade this market. JUST HODL (and load up on Altcoins)