RACEACEACE #BTCUSD #BITCOIN #PUMP #DUMP
I have confluence in my t.a showing me a possibility of price action similar to the pump and dump that took place on Jan 19 at 02:30 UTC time.
The play would look like this: small dip now, retrace right back up to where it dipped from, sideways with no notable move up, and then a small pump tomorrow, followed by a DUMP.
My analysis for today was correct in the sense that there was no bullish move prior to 8:00 utc. The day is not over yet, so I'm keeping all options.
If a dump were to take place, I believe it would be after 13:00 utc tomorrow. For now, I believe the topside is limited to 9909-9987.
I may be wrong, but I need to play defense just as much as I play offense. This is not a short opportunity yet, in my opinion.
When everyone in the market sees FREE MONEY, it's time to be cautious.
I am currently FLAT.
Stay safe.
The play would look like this: small dip now, retrace right back up to where it dipped from, sideways with no notable move up, and then a small pump tomorrow, followed by a DUMP.
My analysis for today was correct in the sense that there was no bullish move prior to 8:00 utc. The day is not over yet, so I'm keeping all options.
If a dump were to take place, I believe it would be after 13:00 utc tomorrow. For now, I believe the topside is limited to 9909-9987.
I may be wrong, but I need to play defense just as much as I play offense. This is not a short opportunity yet, in my opinion.
When everyone in the market sees FREE MONEY, it's time to be cautious.
I am currently FLAT.
Stay safe.
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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.