FreddyTonnesen

Cock and ball pattern on the bitcoin chart

Short
FreddyTonnesen Updated   
BYBIT:BTCUSD   None
I set an trade alarm at $34600. If Bitcoin surpasses we will likely get a dump to $25000. This will be a great shakeout of weak hands on the market. Please set your stop loss and use risk management.
Dotted line is the neckline and the target for this particular pattern. As always, Bitcoin can always break up, so we would like to wait for the break of the neckline and ultimately a retest of the support flipped to resistance.
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Trade active
Trade closed manually:
Bitcoin once again showed that surprisingly strong bulls are willing to step up and stop bitcoin from falling. This is a bullish event and I put in a long at 3x for now. updates comes tomorrow
Trade active:
Guess we still in it

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