BTC Roller Coaster: Fasten a Seatbelt
Updated
With the capitulation in may still lingering in the minds of retail and institutional
https://www.tradingview.com/x/HKDseh6M/ traders alike, we get exposure to market events that speak to the uncertainty that lies in even the most advanced TA. With capitulation, a record number of liquidations roll through the equity value of BTC along with most ALTs. This part of the market cycle is not a hit and run situation either; this is a phase bound to last probably till mid-to late October as we approach the crypto "jackpot" month of November. Ranging markets are inbound but for now, this bearish flag is indicating a push further down into the low 20k's. Stay frosty my friends.
Trade closed: target reached
Seatbelt seemed to work on this trade idea. Lets see where this takes us. 2.3 % bagged. Things are about to get bumpy from the looks of it.Related publications
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.