BTC Daily Technical Analysis: Bearish Scenario Based on Elliot Waves, Wyckoff Scheme & Gap CME / My Last Two Short Positions


The scenario I've already shared on BTC with the Wyckoff pattern of distribution and the Elliot wave 5 in 77 days to fill the gap towards 11K is still valid, there are 5 weeks left for validation or invalidation!!!

https://www.tradingview.com/x/qTj1jb4y/ 

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Post already shared about  the scenario: 

- 1st: https://www.publish0x.com/the-king-of-crypto/btc-technical-analysis-on-daily-and-weekly-bottom-speculatio-xgjjyzk 

- 2nd: https://www.publish0x.com/the-king-of-crypto/btc-technical-analysis-on-daily-and-weekly-pros-vs-cons-for-xmyylnz 

 

 

 

I took 2 shorts yesterday on ATOM and ETH.

The crypto market gives the bullish feeling since we are above 3 key support levels on BTC such as 19.3K, 18.5K and the famous 17.6K, but the S&P 500 is already very low with a bullish Dollar which retraced its rise a little on the 38.2% fib and saw the head of the stock market, so people will put on the dollar in a bull run which is a good safe haven.

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I'm a trading addict, I feel out of the game when I'm not trading, that's why I risk the minimum on a trade between 0.1% to 0.25% that I allow myself to lose on the total of my stablecoins that I keep on hand to invest for the long term.

Technical analysis allows me to confirm fundamental analysis with the sentiment of the crowd in the market, trading is a reason to stay connected with price over time, the end goal is to make money but before it's to learn how to do it otherwise if it was so easy everyone will be rich.

 

 

 

 

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FreedomBuilder
FreedomBuilder

Crypto investor, trader & holder, looking for to build my freedom with the Blockchain technology.


Trading The King of Crypto
Trading The King of Crypto

Technical analysis of bitcoin and the crypto market. - Cryptos are correlated to BTC. - BTC is correlated to the S&P500 - The S&P500 is the largest US market, it can be called the Bitcoin of the stock market. If we can follow the BTC price action we will be able to follow all the other crypto projects, when to buy and When to sell???

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