DOWNTREND WAS INITIATED AUGUST 17TH (lower highs ever since)
Aktualisiert
-Yurlo
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Why I'm bearish when everyone thinks "the bottom is in"
#1: When everyone thinks the bottom is in, it probably isn't.
#2: SPX just dropped below a MAJOR transition point (s/r) & I believe BTC will follow & break the $9800 support.
#3: I don't like to follow the crowd.
#4: Be a lion, not a sheep.
Phases:
#1: (downtrend initiation phase)
#2: (sideways phase)
#3: (fakeout phase)
#4: (downtrend continuation from fakeout phase)
#5: (distribution initiation phase)
#6: (panic phase)
#7: (lower high phase)
Best of luck to you all.
Please go ahead & give this post a like 👍
Why I'm bearish when everyone thinks "the bottom is in"
#1: When everyone thinks the bottom is in, it probably isn't.
#2: SPX just dropped below a MAJOR transition point (s/r) & I believe BTC will follow & break the $9800 support.
#3: I don't like to follow the crowd.
#4: Be a lion, not a sheep.
Phases:
#1: (downtrend initiation phase)
#2: (sideways phase)
#3: (fakeout phase)
#4: (downtrend continuation from fakeout phase)
#5: (distribution initiation phase)
#6: (panic phase)
#7: (lower high phase)
Best of luck to you all.
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If you pay attention to the indicator you should understand things from a bearish perspective.A close under $10,000
USD would be big for the bearish side of thigs, or under $10,150 even.Trade ist aktiv
Just going to sick back & let the magnets do their thing.
Updates when we're under 10k.
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Also, the downtrend that is within the bigger downtrend (mini) started september 3rd & has make lower highs since. Thats bearish in my eyes.Trade ist aktiv
12 HOUR's visuals ~Trade ist aktiv
here's the full picture
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Daily chart looks so bearish I have no idea how someone is like fuck is lets long an area that has been a trading zone for days and call it "the bottom"
Okay chad.
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twitter.com/YurloXBT/status/1303500489829552129The bart chart ^
$9197 next.
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Looking for a move to $9930 (here)Trade ist aktiv
Not looking good in bulls favour here.
Kommentar
More & more longs will start to close their long positions when they panic and realize the bottom isn’t in & they tried to catch a knife on the weekly chart.Trade ist aktiv
If we can close this 4 hour candle under $9950 there's going to be a lot of "pro trader's" confused they didn't "catch the bottom" lol.Trade ist aktiv
Expecting rejection soon
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