Is Ethereum keeping BTC bullish?
We have broken the ascending wedge pattern which suggests a move down the range, but BTC is clinging onto the 50k mark really stubbornly.
The start of this monthly candle is green, the weekly close is green... it looks ok! I still think probability favors a correction here but as they say, BTC will stay bullish longer than I can stay solvent.
If we break 51k I'm stopped out of shorts and if it closes daily above 51k bullishly, there's an argument to enter a swing long to say 54/55k. Now whilst I flipped my bias at 34k and 43k mark for swing longs... I'm not sure here. Self preservation and bear market PTSD in me tells me maybe just become a spectator here..
If I enter that long it will be with low risk.
ROUGH PREDICTION = Staying with my last prediction, I think we fail 50k again, not sure if it will look the same or we tap a little higher say 51k.
Shoutout to todays trading view ideas = @MagicPoopCannon
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
1:00 = Short trade update
3:40 = 14 Days trying for 50k break
4:25 = BTC 1 weekly
5:35 = 46.7k support
7:20 = BTC 4 hour
8:30 = 4h Ascending triangle
10:20 = Prediction update
11:15 = BTC moving averages
13:00 = Short trade logic
16:30 = Tentative short 50k
17:20 = @MagicPoopCannon - BTC set to fall
19:30 = Closing words
We have broken the ascending wedge pattern which suggests a move down the range, but BTC is clinging onto the 50k mark really stubbornly.
The start of this monthly candle is green, the weekly close is green... it looks ok! I still think probability favors a correction here but as they say, BTC will stay bullish longer than I can stay solvent.
If we break 51k I'm stopped out of shorts and if it closes daily above 51k bullishly, there's an argument to enter a swing long to say 54/55k. Now whilst I flipped my bias at 34k and 43k mark for swing longs... I'm not sure here. Self preservation and bear market PTSD in me tells me maybe just become a spectator here..
If I enter that long it will be with low risk.
ROUGH PREDICTION = Staying with my last prediction, I think we fail 50k again, not sure if it will look the same or we tap a little higher say 51k.
Shoutout to todays trading view ideas = @MagicPoopCannon
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
1:00 = Short trade update
3:40 = 14 Days trying for 50k break
4:25 = BTC 1 weekly
5:35 = 46.7k support
7:20 = BTC 4 hour
8:30 = 4h Ascending triangle
10:20 = Prediction update
11:15 = BTC moving averages
13:00 = Short trade logic
16:30 = Tentative short 50k
17:20 = @MagicPoopCannon - BTC set to fall
19:30 = Closing words
