tradingcasho

BITCOIN SELL. | SHORT DROP TO 30K

Short
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
1406 views
32
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Comments

I think it was wise to get out from 40k and above and wait for a potential similar downtrend to Jan 2018. It could be a very much similar fractal movement pump and dump. If so, bitcoin could even go as low as 6-7k. But for this to happen, 30k must fail, and then 27-23-20k could flush straight through. Better be careful if not a pro and a lot to loose. There will be drops further down and opportunities to surf with bitcoin again. Lower high is not a good sign, but it could also, with a few more days form an uptrend range contraction. If so 2 risky entries would be 39k and 40.5k, but the risk would be high.
+4 Reply
Unlikely to go to 30K, bouncing off daily 20 Ema, bouncing off trend line, forming a bull flag, on a daily chart its still making higher lows,
+2 Reply
Clown
+2 Reply
it already rejected that zone so i think it will return tomorrow for fresh high
+1 Reply
for selling, I want to see if this break that level, maybe it go downtrend hopefully
Reply
I doubt it
Reply
Would be lovely to see that
Reply
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