BTC BItcoin Ponzi -> Agonizing pain awaits perma-bulls and fools
BTC Bitcoin ponzi
The mother of all doom candles awaits btc. After multi-month symmetrical triangle, you think you are getting a break out to 5k?
Short zone: 3800
TP: 2700
The mother of all doom candles awaits btc. After multi-month symmetrical triangle, you think you are getting a break out to 5k?
Short zone: 3800
TP: 2700
Comment:
After my stop loss was hit at a PROFIT (Reminder: if you are in a winning position, NEVER let it turn into a losing one), I have RE-SHORTED the 3840 level after seeing a bearish megaphone.
This hell ride will be a fun one for those smart enough to notice this pattern.
After my stop loss was hit at a PROFIT (Reminder: if you are in a winning position, NEVER let it turn into a losing one), I have RE-SHORTED the 3840 level after seeing a bearish megaphone.
This hell ride will be a fun one for those smart enough to notice this pattern.
So far, so good. Funding has not been kind to bears in the past few days, but the long consolidation has proven to be distribution. I got 3550, and 3450 as next targets. The price has also ran into a wall of resistance which provides more confirmation. The MACD still suggests more downside is ahead.