Since the local high at 13.8k, BTC has been in what appears to be a descending channel. Also sort of looks like a slightly extended 3 falling peaks formation, but that's not really my area of expertise.
So what do you do when a descending channel is formed?
You crack a bottle of your favorite alcohol, short the tops and long the bottoms (if you're brave).
As of August 7, 2019, I am short. This will get invalidated on on a significant break upwards of the channel, at around 12.5k.
questions, comments, and concerns are welcomed.
thanks for reading.
So what do you do when a descending channel is formed?
You crack a bottle of your favorite alcohol, short the tops and long the bottoms (if you're brave).
As of August 7, 2019, I am short. This will get invalidated on on a significant break upwards of the channel, at around 12.5k.
questions, comments, and concerns are welcomed.
thanks for reading.