One of the top reasons why i am turning bearish and puting my 46k level on hold is because bears have turned bullish after we broke every target that they set.
We also have volume decrising on the every push up which is the indication that the buying pressure is slowing down.
On the weekly timeframe we have a ascending channel that we just touched so rejection should come.
However on the 4 hourly timeframe we have ascendig channel and i expect a move up until we reach 31.2k where i am going to short, of course with the proper stop loss because we are still in abullish trend.
What do you are we going to get rejeted from the weekly channel.
Feel free to leave a comment.
If you like my ideas please follow me and like the post because you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
Thanks for wathing.
BTC TO THE MOON!!!
We also have volume decrising on the every push up which is the indication that the buying pressure is slowing down.
On the weekly timeframe we have a ascending channel that we just touched so rejection should come.
However on the 4 hourly timeframe we have ascendig channel and i expect a move up until we reach 31.2k where i am going to short, of course with the proper stop loss because we are still in abullish trend.
What do you are we going to get rejeted from the weekly channel.
Feel free to leave a comment.
If you like my ideas please follow me and like the post because you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
Thanks for wathing.
BTC TO THE MOON!!!
MP
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