Everyone is hyped about Bitcoin pumping, BUT...

• Volume didn't follow the new ATH in #Bitcoin
  
• So far we have the potential danger of a double top
  
• In addition to that, the current monthly outside bar is still bearish, with a top at 59595. IF (!) Oct closes below 59595, we could fall back into range with a first target of 48k
  
• In contradiction to these points: A new all time high is generally a buy signal
  

This could hit many investors off guard, since everybody celebrates the new ATH and is in up only mode.

Important: I would never short here, only fools short ATHs. But it is a reminder to be cautious and not overly confident that prices can only go up. Don't panic if we see yet another dump.

Commentaire:

Looking strong! Just want to emphasize this again: This trade idea was not a short, simply showing a possible scenario for some correction. As I said before: New all time highs are generally strong buy signals.