MrPalmTree

STRONG SUPPORT VS WEAK MARKET

Short
BITFINEX:BTCUSD   Bitcoin
We are in the blue zone strong support. However, It's too dangerous to buy here, market is still very weak now. Seems like it needs to be pulled down a little bit more to our green zone target. Even when we meet the green zone, don't buy hard, the bull is weaker now.

In the chart is my extended uptrend channel that is just for my research only, i'm still learning the new market. Will discuss about it later.

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** The 20 EMA indicator in my chart is just for fun lol, i use a lot of other indicators to increase the accuracy. **

For any ideas or questions, tell me what you think in the comment section.

WE ARE IN A BIG DOWNTREND, IF IT WENT HIGH, WE SOLD MORE.

As always, sorry for my poor English and safe trading everyone! Remember to put your <50% Risk/Reward stop-loss order for every trade.

Who am i ? I'm a tiny cryptocurrency whale, an emotionless chart analyst, and a cannabis lover

- MrPalmTree
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