Short-Term WARNING Signal on Bitcoin

4 ก.ค. 2023

A High Tide signal has shown up on the BTC daily chart. It hasn't been confirmed yet. But if it does, it generally coincides with about a -10% to -20% drop.



So, it makes sense perhaps to close some longs and open more shorts. Tight stop losses still needed, since we are in a Flow state (i.e., still long-term bullish).

I'm still interested in my BNB short, so I'll add to that. And I've closed some longs in COMP, AAVE, and ETH.

4 ก.ค. 2023

บันทึก

Just to be clear, BTC is still in a bullish trend. High and Low Tides are short-term signals and only to a slow down in price momentum.