lovely things are playing out as planned. $BTC breached my line convergence point yet again. Still think they are imaginary? Seems coded. $BTC follows them, it is just we do not know how to read it. We are seeing this dragonfly, but I am thinking its very deceiving dragonfly. If you are trading, trade carefully. MACD shows a slight contraction, by ever so little, but do observe that the gap between the signal is very significant. Therefore, watch it closely if it should continue to move to expand downwards (which likely it will). My honest advice, do not short a bear market, we are probably just 50% along the way based on previous market trend. Why $BTC follows this patterns? Its more centralised and captured that you think. The OGs are playing you out. I am referring to the core OGs, if it makes any sense. RSI remains around 18. I will be holding my short position til we reach sub 50k, then I will analyse again if its fit to TP 50% or not.

Share







Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.