fredvandalay

The Emperor's Head

fredvandalay Updated   
COINBASE:BTCUSD   Bitcoin
The curls of the Emperor is growing nicely. If the price would be dragged back down into the Purple Corridor, we would need to rely on the Equalizer as our last resort to hold the line. If not - we might see a head fall.

I added an additional Squeezer which I'd want to see as a bouncer for the new set upward trajectory. Also, it will help shaping that head nicely with some curls.

Long live the emperor and no more cake.
Comment:
Having bounced of the roof of the Purple Corridor on a handful of occasions now, (I count 4 times), I've decided to raise my stop-loss level to $55755.32.

Note: My buy in is at $54666.

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