fear_greed(@Mr_Dzh)'s insights

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$BTC today‼️Bitcoin's price movement is typical. The profit was at least 20%.
We tested the conventional lower line of the ascending trading channel, and the price resumed its correction. There are no bulls left at $77,200, as I wrote about in my recent publications.
I'll update my medium-term forecast tomorrow, but for now, let's enjoy the profit from the short trade.
One guy continues to add fuel to the fire after luring the crowd at $79,200.
By the way, news from the Bank of Japan almost always works.
If the market maintains its pessimistic sentiment, the next short trade target is $73,500.
Wishing everyone profits💰💪

fear_greed

$BTC today‼️
For several days, I've been warning you about a price correction to the lower boundary of the hypothetical ascending trading channel and explaining the reasons for the decline. I hope you made money. The profit was at least 15% on the short trade.

As I predicted, the Bank of Japan's tightening monetary policy has caused negative sentiment among market participants. We're seeing moderate economic data, but there's a battle and a split in the background.

The upward trajectory of the 200-week moving average (H1) is breaking down. If the bulls fail to hold above $77,200, the trading channel will likely break, and a correction similar to November 2018 will begin.

I'm short. This is not financial advice.

Furthermore, there are large outflows from the BTC ETF and ETH ETF today.

Wishing everyone profits💰💪

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BTC+1.46%