BTCUSD D1:NOW VS 2017: TOPPED OUT PT is 11 000 USD? UPDATE

2 Şub 2021

BTCUSD D1:NOW VS 2017: TOPPED OUT PT is 11 000 USD? UPDATE
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect up to
70% correction after BOUNCE.

Monthly chart in BTC and XLM and NANO
confirms that we are already MAXED OUT
for this bullish cycle.
Feel free to review my MNT chart update
for more details:
BTCUSD MNT: WARNING to crypto perma bulls (NEW)

🔸 Summary and potential trade setup
::: BTCUSD D1 chart review/outlook
::: extended/revised outlook
::: ALL crypto catalysts are already
::: FULLY PRICED IN
::: also MNT wicks confirm that we
::: are TOPPED OUT for this CYCLE
::: there is confluence in XLM and NANO
::: FEB/MARCH weak months for BTC
::: expecting more losses going forward
::: MNT candle ugly/nasty WICK
::: feel free to review my MNT idea below/above
::: previously broke down
::: due to price/ rsi divergence
::: let's compare NOW to 2017
::: mild angle of attack initially
::: transitioned into HEAVY INCLINE
::: while the angle of attack increased
::: bitcoin gained very fast HOWEVER
::: once it maxed out, dumped 70% off highs
::: expecting somewhat similar plan right now
::: also JAN/FEB weak period for BTCUSD
::: and ETHUSD re-tested ETH and got rejected
::: also RSI10 3 peaks and breakdown
::: same pattern right now vs 2017
::: the move we got is not sustainable
::: 60% losses from here possible
::: BEARS not done yet so BOUNCES will get sold
::: recommended strategy: SHORT INTO BOUNCE
::: TP BEARS is 15 000 USD
::: SWING TRADE: SHORT/HOLD IT
::: pullback/correction not over yet
::: good luck traders!
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: MIXED
::: Sentiment short-term: BEARS/CORRECTION