btc.. dang... Short

Bitcoin / DollarBitfinex

Description

⋅ Jun 4, 2021 6:43 AM

looks like the trendline was a little higher than I thought... this looks really bad now.. my longs got closed with a smll profit, waiting to see what happens at the bottom of the triangle now.. gl

Comment

⋅ Jun 5, 2021 1:12 AM

btc continues to ping EXACTLY on the trendline for this triangle.. right now, it 'seems' like bulls are in control, if we can touch the top of the trendline again, I got a feeling it's going to be fireworks..

Just wait for the solid breakout

Trend Analysis

Comments

Killrb13

⋅ Jun 4, 2021 11:49 PM

Good job. This is reality no matter what the hopefuls want to see. See you guys at 20k

sxott72

⋅ Jun 4, 2021 6:57 AM

Your line was good. It was just a bull trap. Its going to break south. Bearish symmetrical triangles almost always do.

MynameisTeo

⋅ Jun 5, 2021 10:39 AM

i have same idea... i was enter short at 38725, but now i stoped out at 37700 :) , probabli now continue that move down :)

Burnedalive

⋅ Jun 4, 2021 6:50 PM

Finally a normal TA that doesn't just shoot over 50k in one day.

b404

⋅ Jun 4, 2021 10:40 PM

@Burnedalive, but it shot 23k in one day

Magnet4r

⋅ Jun 4, 2021 5:43 PM

Good idea! it seems we are still in bear territory. I am still learning how to draw the target length lines properly, any tips?
Thanks

Killrb13

⋅ Jun 4, 2021 11:51 PM

@Magnet4r, Its speculation. The best thing you can see is a small support around 21k but the momentum of this fallout will push it to a psychological support of 20k. See you there.