BTC SHORT Play? Could lead to buying opp of a lifetime!
VERY similar setup on the 1W Heikin Ashi chart from mid 2018
bunch of red candles followed by green, red, and 3 more greens. MACD crossed to positive territory but not very bullishly in '18 just like it's doing now
led to a large descending triangle that finally broke the vaunted $6k level back in the day
if history were to repeat itself, we could expect BTC to fall to the 200MA around $5k (probably mid 5s by then)
would be a DREAM to buy there. would also line up with my previous idea about this current wave 5 down to the $5k region
bunch of red candles followed by green, red, and 3 more greens. MACD crossed to positive territory but not very bullishly in '18 just like it's doing now
led to a large descending triangle that finally broke the vaunted $6k level back in the day
if history were to repeat itself, we could expect BTC to fall to the 200MA around $5k (probably mid 5s by then)
would be a DREAM to buy there. would also line up with my previous idea about this current wave 5 down to the $5k region