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zackxl
Aug 27, 2018 8:29 PM

Big week for BTC (monthly close) Short

Bitcoin / United States DollarCoinbase

Description

BTC is in a bearish zone from a monthly perspective. It is hanging near the bottom of a descending triangle with 4 days left to go. On a positive note, this could create dirt cheap buying opportunities in the 3-5k range within the next 2 months if this triangle breaks bearish. Anything could happen but I think the bulls have given up way too much ground to recover in 4 days.

Trade closed: target reached

if you had went short based on this you would have been very rich right now. Havent had a green month since.
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