untechnical

Its very risky to keep long positions on BTC

untechnical Updated   
POLONIEX:BTCUSDT   Bitcoin / Tether USD
BTC reached top of triangle and SMA50. Now everything can happened and we can not predict if price will go down to the bottom of triangle and then jump again, or it will fall down to 5000 usd, or just continue to grow. Now BTC consolidates for about week.
I decided to close all L positions, and watch how situation will develop, but to be honest I see bigger probability for price to go down.
Comment:
BTC is amazing :) I hope soon it will start to grow even more dynamically. But i'm still waiting for right moment to trade - I'm not opening longs yet.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.