This trade is based on the idea that Bitcoin will take a huge dump over the next few days, as well as the assumption that (5) has completed.
It is a pretty safe trade since we will only enter a short once the triangle has broken out to the downside. (regardless of if it breaks to the upside, we are not interested in going long in the current market)
It is a pretty safe trade since we will only enter a short once the triangle has broken out to the downside. (regardless of if it breaks to the upside, we are not interested in going long in the current market)
Comment:
First take profit target hit
Comment:
Bear flag broke to the downside! Next profit target: 1.033