BTC used to be king, but is actually plagued by all kind of problems : technically outdated, slow, expensive to transact with.
Maximalists are trying to spread the narrative of digital gold, but when you think 2 minutes this is non-sense.
Some prominents useful idiot on twitter are trying to pump it -- "last time below 10k", etc --- but the market will hammer them.
Right now, I'm seeing a nice short opportunity on BTC.
- BTC is not able to break through the MA50 - and a bearish flag is formed
Good luck, and don't forget stop losses.
Trade active
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Trade closed manually
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Comment
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Reflecting back to this trade : although my analysis was proven to be right, it's also important to respect bigger charts figures to have an excellent entry.
To everyone that shorted this shitcoin and made money, congratulations !
I agree with the pattern or similar. However your comments on BTC is from an idealistic perspective. It really doesn't matter if its outdated or slow because the purpose for now is reliability\security\infrastructure and hence confidence in the market it will not go away. Hence why BTC has institutions interested for a number of reasons and solutions to speed it up are happening, layered network solutions. Also what you see today, is not what will be in 5 years time.
hurluberlu
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Reflecting back to this trade : although my analysis was proven to be right, it's also important to respect bigger charts figures to have an excellent entry.
To everyone that shorted this shitcoin and made money, congratulations !
hurluberlu
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Let's close this trade, it hit our first target at $9100