Weekly report The ScalpexIndex Fear And Greed Index remains i | Crypto_analytics_expert

Weekly report

The ScalpexIndex Fear And Greed Index remains in the same area of moderate fear. If you look at its dynamics, you can see its gradual, albeit almost invisible, movement to a neutral position.

#BTCUSD ( https://scalpex.com/trade/BTCUSD-PERPETUAL-DIRECT/X100?ref=WSXVxJOk )
Bitcoin rallied, exactly as we said in our last week’s analytics, up to June 29, when the price stopped growing and went down, not reaching the target. If you were in a long position, then you'd better close it in profit. Why? If you look at different possible scenarios, the most probable one shows the price drop down within the development of wave 5.

To short or not to short?
I placed a small short considering this to be a high-risk trade. If the price falls as I expect, I'll add significantly my position at 30042.
https://www.tradingview.com/x/26TsksPN

#BTCDOM ( https://scalpex.com/trade/BTC-DOMINANCE-PERP/X3?ref=WSXVxJOk )
Bitcoin dominance is extremely close to the border of the target range and began to move down. It is too early to say whether this is a reversal and there is still a chance that it will go within the target range. This scenario will be canceled if the price goes below 44.90.
Nevertheless, I included an alternative scenario where the 4th wave is formed not as the ABC but as a complicated ABCDE triangle with an exit downward.
One can consider opening a short a small leverage at 44.90 level
https://www.tradingview.com/x/vDWhisa1


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