#BTC / USDT 1H bearish invert cup pattern? What do you think?

This is a risky idea based on observation:

Follow the EMA 100, which is currently supporting BTC, but it shows signs of weakness.
At the same time, we are seeing bearish consolidation or an inverted cup pattern.
We have two weak bearish oscillators falling.
I know all the famous influencers are bullish in their videos, but should we be worried?
In the long term, BTC is bullish as it is the middle of the bull run, so there's no need to worry. However, on the 1H time frame, when you see it, you cannot unsee it. Therefore, I decided to publish this idea.

This is not investment advice, just a warning. If this plays out, we will see a correction toward the $68k or levels of resistance.

Could this be a good opportunity to long the next incoming pump?

Note that if this happens, meme investors will get rekt. These coins go up 30% and drop at the same speed!

Let me know in the comments if you agree or disagree.

Not

First support at $68600 reached (already!) that was fast.
Now if do not bounce from here, it will continue down to $68000

Not

Second support rejected at $68128 (on Binance). This idea was indeed relatively accurate. Let's hope that $68k will hold or we are bracing for 67k.

Not

I don't know if you noticed, but is filling the CME gap that is at $68500 at the moment. Logical

İşlem kapandı: hedefe ulaştı

This small idea played exactly as planned. See you in another idea. Do not forget to follow me!

CryptoNikkoid

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Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.

CryptoNikkoid

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