Idea for Bitcoin:
- Price is hanging out in a bear flag under the 200 SMA after testing it as a resistance.
- Volatile sell off.
- Price, Volatility, and Volume suggests a sell.
- HODLers can hope for a bottom and Buy the Dip, but the risk is that the dip keeps dipping.
- Weakness should be sold, and current behavior indicates clear weakness!
- Having experienced the bubble top and following brutal bear market in crypto in 2017, alarm bells are ringing right now.
Volatility:
Volume:
- According to Wyckoff, this cycle is over:
- Clearly, bearish strength picking up:
"Never buy the bottom, and always sell too soon." - Baron Rothschild
GLHF
- DPT
- Price is hanging out in a bear flag under the 200 SMA after testing it as a resistance.
- Volatile sell off.
- Price, Volatility, and Volume suggests a sell.
- HODLers can hope for a bottom and Buy the Dip, but the risk is that the dip keeps dipping.
- Weakness should be sold, and current behavior indicates clear weakness!
- Having experienced the bubble top and following brutal bear market in crypto in 2017, alarm bells are ringing right now.
Volatility:
Volume:
- According to Wyckoff, this cycle is over:
- Clearly, bearish strength picking up:
"Never buy the bottom, and always sell too soon." - Baron Rothschild
GLHF
- DPT
