We are testing the global downward.Bitcoin analytics 03.11
Hello, dear readers of our ideas on TradingView!Lemon Insiders team has prepared for you a new daily analytics.
So far, everything is going according to plan.On the daily chart, we have not yet established above the global downward, and at 4H, we are actively testing it.Indicators tell about continuetion decline and a weakening buyer.The price has gone beyond the global downward, but has not gone far and without volume, so this movement can be considered false, or you can just slightly move the global downward slightly higher.
In any case, the exit from this triangle should be with volume, but so far it is not.
We want to note that the shorts are actively began to decline.The reduction was in growth, which suggests that it was closed by the crowd.In addition, the longs has grown a bit on the decline, it has done by major player obviously.BUT would be stupid to start up from this price, because Bitcoin, as history shows, unfolds with squeeze.That is, it is necessary to make a squeeze down and only then go higher. And exists another option for reversing Bitcoin, it is a long flat and exit up.Bitcoin has not yet turned around.
We hold the position, we have a great entry point.We thank you for your attention!
So far, everything is going according to plan.On the daily chart, we have not yet established above the global downward, and at 4H, we are actively testing it.Indicators tell about continuetion decline and a weakening buyer.The price has gone beyond the global downward, but has not gone far and without volume, so this movement can be considered false, or you can just slightly move the global downward slightly higher.
In any case, the exit from this triangle should be with volume, but so far it is not.
We want to note that the shorts are actively began to decline.The reduction was in growth, which suggests that it was closed by the crowd.In addition, the longs has grown a bit on the decline, it has done by major player obviously.BUT would be stupid to start up from this price, because Bitcoin, as history shows, unfolds with squeeze.That is, it is necessary to make a squeeze down and only then go higher. And exists another option for reversing Bitcoin, it is a long flat and exit up.Bitcoin has not yet turned around.
We hold the position, we have a great entry point.We thank you for your attention!
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