Description
⋅ This is the capitulation event for crypto that I was waiting for.
My previous Bitcoin idea and target are still valid, anyone long right now is going to get wiped out by the crash of Binance coin.
I’m currently short. I also shorted Bitcoin and sold most of my alts here.
If wrong then I will buy back higher on bullish structures.
Even with the massive pump Bitcoin had here, Binance coin wasn’t able to invalidate the bearish structure. Absolutely terrible performance.
Binance is still being sued, BNB is being artificially pumped by “someone’s” creative syphoning of client money. “Allegedly”.
This pump was extremely profitable for me on my alts, an absolute lifesaver of a hedge. Sold most, will use profits to buy lower.