I think BTC will bounce off of the support zone in the yellow box and probably retest it. This means a short term long is sensible.
We've touched 45k 4 times over the past few days. 5th is usually the charm. If we break it this time, it's all the way down to that healthy correction everyone's talking about.
It's soon time to go down if you ask me. I see a scary resemblence with the 2017 crash. Here a rough prediction of what's most likely next. Chart needs little further explanation but I'll be happy to discuss the idea. Bottom line, first we go long, then we short all the way down, however far that may be.
I did do some work on the BTC chart again and revised my opinion on what BTC's next move might be. I've said before that I believe BTC will go much lower and this is still possible. However I've changed my mind in terms of what I think will be BTC's most likely next move. I predicted the correction with pinpoint accuracy (), around 2 hours before it happened. The...
SL below trend line, enter as low as possible, 20x max 5% margin.
I believe we're seeing a trend reversal where BTC is going down. Time will tell, we wait for confirmation.