Don't listen to the 100k fomo squad, this isn't done
Im suspecting BTC to reverse at the first red box (if we even get there) for new lower lows with 23k and 13k range as specific targets.
IF BTC is going to keep on going this will most likely be a double top before we get at-least a move back down to 42k range.
I called the 29400 long in my traders group and I closed the entire trade at 39k, im have to admit that i'm a little surprised we are even going this high in the first place.
But i remain a strong believer that the highest odds play is that we go down further. Followed by a double top and another pretty strong correction.
Don't get carried away by the youtube fomo boys and lose your money. Look at my previous post at the 60k top, when the entire world promised you 75k, 100k, 150k within days.
There is no reason for BTC to suddenly start pumping, so ask yourself how reliable is this move?
IF BTC is going to keep on going this will most likely be a double top before we get at-least a move back down to 42k range.
I called the 29400 long in my traders group and I closed the entire trade at 39k, im have to admit that i'm a little surprised we are even going this high in the first place.
But i remain a strong believer that the highest odds play is that we go down further. Followed by a double top and another pretty strong correction.
Don't get carried away by the youtube fomo boys and lose your money. Look at my previous post at the 60k top, when the entire world promised you 75k, 100k, 150k within days.
There is no reason for BTC to suddenly start pumping, so ask yourself how reliable is this move?
Trade active
Comment:
Took quite a bit of profit at the second test of 40k area. Keeping the rest open, but expecting a breakout to the top of the falling wedge. We will most likely rally a bit.