kebman

Two Ways Down

Short
kebman Updated   
BITTREX:BTCUSD   Bitcoin
Google Trends is waning. Liquidity is waning too. Market mover buy-ins will push price up too much up before Bakkt, and when Bakkt arrives, they have a better alternative. We're pretty much at the 70% mark. It's break or break.
Trade active:
If it doesn't break up, it would seem like it's going for the second way down. Let's see if it breaks through that floor on the way down, or if it will make another bounce.
Trade active:
Took a bit longer than expected, and umm it's gone a bit longer down than I expected too. Dayum! :D
Trade closed manually:
Ok, I'm not confident that we'll go longer down. D 200 SMA is support, and price tends to dip before a new ATH. As long as it keeps above the D 200, we're golden.
Comment:
Ahaha, Bitcoin took the third way lol. It kept teasing outside the descending triangle. "Here, boy, we're breaking out now!" Only to take everyone who took the bait into the crypto abyss.

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