BitcoinShort
Short the 10.5k level, Heck short it right away.
Updated
Hey guys, really short update on bitcoin. We failed to break the 12k a while ago.
We will likely visit the 6k level again. Liquidate most long positions from down there. There are longs at 9k, longs at 6k, a wick to 5k
Good luck guys. There's also bearish developments on the 1 hour/4hours charts.
This dump will pop the DeFi bubble and to hell with YFI and YFII.
We will likely visit the 6k level again. Liquidate most long positions from down there. There are longs at 9k, longs at 6k, a wick to 5k
Good luck guys. There's also bearish developments on the 1 hour/4hours charts.
This dump will pop the DeFi bubble and to hell with YFI and YFII.
Note
Bitcoin dominance just bounced up a local support line. It looks like there was a fakeout to the downside and it's now back above it. There are 2 scenarios here.
The first scenario indicates Bitcoin will pump against altcoins to recover its dominance above 60%
The second scenario says Altcoins will dump hard again to give dominance back to Bitcoin.
Let's see which scenario plays out soon. I would personally go with the second scenario.
Peace guys. Trade safely
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