Over the last weeks I've been relatively bearish on Bitcoin. My main point was that BTC is trading in a parallel channel, where the top resistance is a copy of the bottom support.
My bearish narrative originated somewhere in August, and has not changed since.
However, I have to admit that BTC is holding up better than expected, also carried by bullish ETF news (fake or not).
Until we can get a weekly close above the top resistance, long-term bears are winning. This supports my often mentioned fact that pre-halving years have on average 6 green and 6 red months, so we're likely going to see more red months ahead.
Are you bullish or bearish? Share your outlook! 🙏
My bearish narrative originated somewhere in August, and has not changed since.
However, I have to admit that BTC is holding up better than expected, also carried by bullish ETF news (fake or not).
Until we can get a weekly close above the top resistance, long-term bears are winning. This supports my often mentioned fact that pre-halving years have on average 6 green and 6 red months, so we're likely going to see more red months ahead.
Are you bullish or bearish? Share your outlook! 🙏
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📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.