mcdaverage

Price Action Tells Everything

Long
INDEX:BTCUSD   Bitcoin
BTC seems to have broken out of the descending triangle to the upside, retested the downward trendline with bulls successfully defending it.
I'm looking at $49k-50k test over the weekend. Could be a relief rally before the final leg down, who knows. Always risk-managed, if we lose $40k on D and W, a potential dump to $17k is quite likely.



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