Get started
Bitcoin
Short

Short into Sentiment Washout -Mentally Prepare for Eventual Long

By potomacapitol
Updated
Short into retest of prior high timeframe breakout (1175BTCUSD). Eviscerate hodlers, demoralize the flock, then rip every ounce of FOMO back out of the market once it loses belief.
Comment
The fade is in process. A look at likely support given prior breakouts is below. To reiterate, I see the support points as consolidation areas for the descent to 2ish k.

snapshot
Comment
Took long enough.

snapshot
Comment
Now long btw
Comment
Adding
Comment
Adding
Comment
hodling
Comment
Adding
Comment
adding
Comment
adding
Comment
adding
Comment
hodling
Comment
Preparing for cycle end repositioning
Economic CyclesFractalMultiple Time Frame Analysis
potomacapitol

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.