When you have MULTIPLE confluences in SAME PLACE that could lead to high probability scenario.
Those confluences that make MACRO and short term outlook on BTC so bearish are :-
1) LOG REGRESSION CHANNEL :-
2) Target of bear flag is just at that major support zone which coincides nearly with PREVIOUS ALL TIME HIGH as well.
3) As per wall street chart, it seems to ME that we are in ANXIETY Phase and slowly moving towards Denial Phase
https://pbs.twimg.com/media/DdcLKi6WkAAudmp.jpg
4) ALSO MANY bought BTC ABOVE 30K. They would be BAGHOLDING BTC NOW.
**THIS IS A WARNING**
DANGEROUS TO SHORT FROM LOWS. BE WARNED.
PREVIOUS IDEAS :-
1) Short idea for BTC :-
2) updated views on BTC :-
3) ETH IDEA :-
ALSO, NONE OF THE ABOVE IS A FINANCIAL ADVICE. IT IS MERE MY OWN SPECULATION AND IDEA. DOYR.
Those confluences that make MACRO and short term outlook on BTC so bearish are :-
1) LOG REGRESSION CHANNEL :-
2) Target of bear flag is just at that major support zone which coincides nearly with PREVIOUS ALL TIME HIGH as well.
3) As per wall street chart, it seems to ME that we are in ANXIETY Phase and slowly moving towards Denial Phase
https://pbs.twimg.com/media/DdcLKi6WkAAudmp.jpg
4) ALSO MANY bought BTC ABOVE 30K. They would be BAGHOLDING BTC NOW.
**THIS IS A WARNING**
DANGEROUS TO SHORT FROM LOWS. BE WARNED.
PREVIOUS IDEAS :-
1) Short idea for BTC :-
2) updated views on BTC :-
3) ETH IDEA :-
ALSO, NONE OF THE ABOVE IS A FINANCIAL ADVICE. IT IS MERE MY OWN SPECULATION AND IDEA. DOYR.
