BTC - Decision time

Bullish Case:

- Leveraged longs are closing but price is rising
- CME news is bullish
- The whole crypto market is in an ascending triangle and is bullish
- Capital flow from alts into BTC for 2x
- TD sequential monthly and weekly indicator suggests more upside
- Targets would be 7k and upward after a retest


Bearish Case

- Touched rising wedge resistance
- Longs are exposed and whales will go hunting
- TD sequential is on an 8 on the 4 hour at the top of the trend.. 9 says take profits and you can see this has bene important in this trend
- I would expect the coins to be bought back cheaper before the hard fork.
- We are overdue a biggest pull back in the market but it will probably come after 2x.. or not at all!

I am currently 100% in cash waiting to see what happens next.. sometimes the best trade is no trade until we have clear confluence!

Ill try to keep you updated as things develop.

Phil

Yorum:

This is crazy guys - congrats!

Yorum:

Touched long term pitchform but stilll looks hungry

Yorum:

more evidence for 8k

Yorum:

Get back in that wedge before one last dump lol

Yorum:

Possible bottom formation