BitcoinShort
Failure of macro bull pattern
As more time goes on, the thesis that the BTC new high was just a wick out gains credibility.
See old post here;
I've tried to buy on the supports. Made a bit of money doing it but there's been no big clean rip that one would expect in a bottoming market.
Instead we have choppy traps more in line with a reversing market.
In the recent drop we might have had a failure of the bullish butterfly.
If that is the case, then we're going to see a crash under the support levels if it breaks again.
Failure of the BTC uptrend a legit risk now.
See old post here;
I've tried to buy on the supports. Made a bit of money doing it but there's been no big clean rip that one would expect in a bottoming market.
Instead we have choppy traps more in line with a reversing market.
In the recent drop we might have had a failure of the bullish butterfly.
If that is the case, then we're going to see a crash under the support levels if it breaks again.
Failure of the BTC uptrend a legit risk now.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
We have signals services starting from only $10.
Find them here: holeyprofitnewsletter.substack.com/p/all-holeyprofit-newsletters
Find 15 free strategies here: holeyprofitnewsletter.substack.com/p/strategies-parent-thread
Find them here: holeyprofitnewsletter.substack.com/p/all-holeyprofit-newsletters
Find 15 free strategies here: holeyprofitnewsletter.substack.com/p/strategies-parent-thread
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.