EylemCulculoglu

BTC bull trend is over according to Tom Demark Count

Penjualan
BITMEX:XBTUSD.P   Bitcoin
Tom Demark count gave a green 9 on both daily and weekly charts. This is a clear trend reversal signal. I expect 2-3 days sideways then the bear trend will start.
There is a huge support at 9997 (Fibonacci 0.5). I expect that area will hold. If it does not hold, next major support is at: 8000.

I do not think we will touch below 9997 because of the mass media factor. Bitcoin is getting popular in the whole world and lots of small investors are getting on board.

I personally do not short Bitcoin and I wait for good entry points for long. 10200 will be a real good entry point for long.

Here is my idea for shorters:

Short at: 11818
Take profit at: 10200
Stop loss: 12600


Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.