UnknownUnicorn1774266

Possible bearish January scenario

BINANCE:BTCBUSD   None
Most charts and all the news are extremely bullish.

I zoomed out on the weekly timeframe to look a little longer at the good old ascending triangle.

It might play out like the end of 2017.

I lost about $70k at that time!

I do think there's momentum to invalidate this idea in the shorter term, particularly because there is very good reason to be in BTC due to the impending financial crisis, inflation, and infinite money printing; combined with the destruction of the US economy by Brandon + The Cabal.

LGB

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.