Rising wedge was broken almost perfectly and now we just follow the scenario. Any bounce should be sold till the first target. Playing agianst the market (taking long position) is suicidal for me right now. Just join the trend.
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BTC goes in the PINK channel. The short should be closed around the bottom of this channel then there should be more space and momentum to make a bounce BUT we are in a bearmarket and making long position is too risky for me without signs of reversal.
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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.