Bitcoin / TetherUSShort
BTC short 17600-17700 Absorption Phase Lehman Bros structure
Not financial advice.
This is what I call an absorption structure.
Currently we in the Absorption phase similar to Lehman brothers crash of 2008.
We absorb the market and within 150 days we lost 45% overall.
This is just the start of the absorption phase.
This is a daily update.
Place shorts at 17600-17700
Clear break on daily timeframe and now in 50+ plus days of range trading again.
Until the final drawdown.
I call this the Feb fakeout..
DYOR
#PIK
Patience is Key
#TLAW
Think Like A Whale
This is what I call an absorption structure.
Currently we in the Absorption phase similar to Lehman brothers crash of 2008.
We absorb the market and within 150 days we lost 45% overall.
This is just the start of the absorption phase.
This is a daily update.
Place shorts at 17600-17700
Clear break on daily timeframe and now in 50+ plus days of range trading again.
Until the final drawdown.
I call this the Feb fakeout..
DYOR
#PIK
Patience is Key
#TLAW
Think Like A Whale
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.
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.