Hello Traders,
Chart says it all.
A smaller rising channel in a larger rising channel which I've identified making the TA extra bearish. On top of that Bitcoin seems to be up against a resistance trend line with volume is dropping. Now normally I would be all out bearish if I didn't know better. The fact tether has been printing more money and shorts are clustered and stacked high right now so those last two facts are something to think about...Don't let lightning strike you twice. We saw what happen when Bitmex went down and shorts were stacked.
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Play the market don't let the market play you. Lets take back the power!!
If you want to educate yourself or share your ideas, come find us...
Stay Frosty.
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Chart says it all.
A smaller rising channel in a larger rising channel which I've identified making the TA extra bearish. On top of that Bitcoin seems to be up against a resistance trend line with volume is dropping. Now normally I would be all out bearish if I didn't know better. The fact tether has been printing more money and shorts are clustered and stacked high right now so those last two facts are something to think about...Don't let lightning strike you twice. We saw what happen when Bitmex went down and shorts were stacked.
Everything we provide is free and for the betterment of the community. Please give us a like and a follow. Remember everyday, new data, we try to stay up to date constantly. We have great group of good traders from the community here who are part of it and you can find it by checking our signature for more details. Tradingview is not a free community and there is not much we can say here without having issues with that or our charts deleted. So best thing is to constantly share updated charts and real time trading ideas. Check our signature.
Play the market don't let the market play you. Lets take back the power!!
If you want to educate yourself or share your ideas, come find us...
Stay Frosty.
Decentralized Live News