BTCUSD MNT: WARNING to crypto perma bulls (UPDATE)

2 ก.พ. 2021

BTCUSD MNT: WARNING to crypto perma bulls (UPDATE)
Tagged as SHORT because I expect correction
in the crypto market, unless monthly
candle improves next week.

🔸 Summary and potential trade setup
::: BTCUSD monthly chart review/outlook
::: updated/revised outlook
::: STILL MAINTAINT BEAR OUTLOOK!
::: let's review 3 monthly candles
::: IMPORTANT: this week is
::: the most important week in 2021!
::: monthly ALREADY closed with MASSIVE WICKS
::: on SUPER heavy volume
::: BULL RUN is over in crypto
::: right now let's review 3 candles
::: BTCUSD / XLMUSD / NANOUSD
::: BTCUSD monthly candle wick > 60%
::: XLMUSD monthly candle wick > 50%
::: NANOUSD monthly candle wick > 50%
::: XLM and NANO are key proxies of BTCUSD
::: they frequently lead the market as well
::: finally, we are closing in on the anniversary
::: of the 50%+ DUMP in 2020 (FEBRUARY-MARCH 2020)
::: so CAUTION recommended going forward
::: short-term range / mixed / more gains likely
::: overbought / so expecting correction
::: good luck traders!
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: HIGH PROB OF CORRECTION
::: Sentiment outlook short-term: RANGE/MIXED