BTCUSD - Failed breakout.
Disclaimer: I am not associated with Armstrong Economics in any shape or form.
On the week of January 27th, BTCUSD broke out in an attempt to achieve a new ATH but it failed miserably. On the week of February 10th, 2020, it stopped exactly at the previous lower high set the week of October 21st, 2019.
Now that the month of February has closed, Socrates confirmed that February was a REACTION HIGH... that's sad news for the Bulls.
Luckily for me, I stuck to my SHORT position from January and kept adding shorts as the price kept pushing higher.
Last week BTCUSD entered CRASH MODE. This week we got a WARNING PROBABLE WATERFALL CRASH.
As of now, we have 3 immediate probabilities: $7000, $5500 and $3670.
Happy trading! use protection.
On the week of January 27th, BTCUSD broke out in an attempt to achieve a new ATH but it failed miserably. On the week of February 10th, 2020, it stopped exactly at the previous lower high set the week of October 21st, 2019.
Now that the month of February has closed, Socrates confirmed that February was a REACTION HIGH... that's sad news for the Bulls.
Luckily for me, I stuck to my SHORT position from January and kept adding shorts as the price kept pushing higher.
Last week BTCUSD entered CRASH MODE. This week we got a WARNING PROBABLE WATERFALL CRASH.
As of now, we have 3 immediate probabilities: $7000, $5500 and $3670.
Happy trading! use protection.
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