I don't short it. It's to risky. But this is my current view on the bitcoin.
I personally sold all my positions on alt-coins and bitcoin, to wait to see what bitcoin gonna do and try to buy back lower. Last few days we seen crazy pumps in almost all the coins. We could see a little retracement that's normal.
Note
The thing I also wanna say. I sell my positions as a day-trader. If you're a long term investor don't worry. You could hold ur positions.
We dropped below the neckline of the head-shoulder. It's valid now.
Note
The idea explained.
Note
We're at re-testing of the neckline as I showed in the picture above.
Note
Relax guys we just tested the neckline of the big head shoulder.
We have two singals we will go down again another little head- and shoulder and a rising wedge in a falling market as shown below.
Note
Note
We did get a little breakout. I think it was a big bull-trap. For me personally I only will jump in the crypto when btc is above 17100 or when we had a good retrecement of btc to atleast 15.000 usd.
Unfortunately tomorrow I will only post in the evening because I have a meeting.
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.
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.