BitcoinShort
Goodbye BTC
This is a classic descending triangle. I don't trade BTC because I share the sentiment of smarter investors than I (it's greater fool theory, exemplified) but any trader buying this crap given this chart deserves what's coming to them. Probably the most amazing thing about BTC is that it is like an insurance policy against the dollar. Too much liquidity in the marketplace? No problem. Buy BTC and watch the liquidity get vaporized. I don't advocate precious metals either. Buy something that produces value. Cheers!
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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.