BITCOIN UPDATE I’M STILL BEARISH, AND HERE’S WHY! 🚨⚠️
As you all witnessed, BTC bounced back from the $75,700 area and touched $81K. First, the market trapped long traders, and then it trapped short traders.
I’m still bearish. First of all, as everyone knows, Democrats won today’s US midterm elections, and in my view, this outcome is bearish for the market.
The market can remain volatile in the short term and trap as many traders as it wants, but that doesn’t change the overall market outloo...
🤔 $BTC : WHAT CAUSED THIS SUDDEN SPIKE?
From the chart, BTC appears to have experienced a strong bullish impulsive move, followed by a period of consolidation.
What I can identify:
• Initial consolidation: BTC was ranging around $78,000–$78,700, showing relatively limited price movement.
• Bullish spike: Price suddenly surged from approximately $78,300 towards $81,200, accompanied by a significant increase in trading volume.
• Price rejection: After reaching the upper region, BTC experienc...
🔴 $WLD /USDT · Bias: SHORT
Sellers are driving the move with ADX above 28, so price should fall from current levels.
Entry: 0.3748837 – 0.3777163
TP1: 0.3521370 (-6.4%)
TP2: 0.3360284 (-10.7%)
TP3: 0.3118654 (-17.1%)
SL: 0.4085173 (+8.6%)
Note: moderate conviction only, keep size light.
Why: The 4h trend shows price below EMA50 and EMA200 in a bearish stack, meaning the swing trend is down.
Risk: BTC is rising, this coin follows (corr 0.68)
Plan: close 50% at TP1, 25% at TP2, 25% at TP3, and ...
🔴 $SPCX /USDT · Bias: SHORT
4h bearish stack keeps price below EMA50 and EMA200, so the swing trend is down.
Entry: 134.87518 – 135.56482
TP1: 130.25065 (-3.7%)
TP2: 126.93774 (-6.1%)
TP3: 121.96839 (-9.8%)
SL: 141.84581 (+4.9%)
Note: moderate conviction only, keep size light.
Why: The 4h trend shows price below EMA50 and EMA200, meaning the swing trend is down.
Risk: BTC is rising, this coin follows (corr 0.69)
Plan: close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after ...
🔴 $AVA /USDT · Bias: SHORT
1h bearish stack keeps price below EMA50 and EMA200, so the short-term trend is down.
Entry: 0.2741139 – 0.2756861
TP1: 0.2587934 (-5.9%)
TP2: 0.2480557 (-9.8%)
TP3: 0.2319491 (-15.6%)
SL: 0.2963755 (+7.8%)
Note: moderate conviction only, keep size light.
Why: 1h trend shows price below EMA50 and EMA200, a bearish stack meaning the short-term trend is down.
Plan: close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after TP1.
Do you agree this is a ...