BTCUSD Embrace yourself
Updated
You can see BTC has broken the giant triangle on log chart. If we cannt see a strong bounce today, we may see a catastrophic drop coming.
By the way I have been 20x shorting it since it broke the symmetric triangle yesterday. My opinion might have been biased by my position.
By the way I have been 20x shorting it since it broke the symmetric triangle yesterday. My opinion might have been biased by my position.
Note
It hasn't broken the triangle on the normal chart. But personally I think log chart is more indicative for a larger time scale. Good luck!Note
I have bought 20% of my spot coins holding around 6700.Note
Note
It will likely break the new low 6614 to trigger panic selling. But I think the local bottom which will bring us back to 8k+ is very close.Note
I am laddering buys between 6200 to 6600. Since I am still holding my short position, I do not have much risk buying now. I think the bottom is very close and any buy right now will bring good profits in the following days.Note
We don't trade patterns. We draw them.
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