Has Bitcoin gone to the moon?


 

- The shorts go down after a second rejection of 61.8% and we are not far from a bullish cross of the longs above 50% which is a bearish signal towards a hunt for the liquidations of the Longs in the south.


- The Funding rate is very positive in favor of shorts.


- Yesterday the price went above the H4 bullish channel and now we have just come back inside with a pull back in action.


- If it is a fake break out then possible that the sellers will be back to hold the medium term downtrend, otherwise the short term uptrend will continue!


https://coinalyze.net/snapshot/CCtSegEG 

 

 

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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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