I don't short it. It's to risky. But this is my current view on the bitcoin.
I personally sold all my positions on alt-coins and bitcoin, to wait to see what bitcoin gonna do and try to buy back lower. Last few days we seen crazy pumps in almost all the coins. We could see a little retracement that's normal.
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The thing I also wanna say. I sell my positions as a day-trader. If you're a long term investor don't worry. You could hold ur positions.
We dropped below the neckline of the head-shoulder. It's valid now.
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The idea explained.
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We're at re-testing of the neckline as I showed in the picture above.
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Relax guys we just tested the neckline of the big head shoulder.
We have two singals we will go down again another little head- and shoulder and a rising wedge in a falling market as shown below.
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We did get a little breakout. I think it was a big bull-trap. For me personally I only will jump in the crypto when btc is above 17100 or when we had a good retrecement of btc to atleast 15.000 usd.
Unfortunately tomorrow I will only post in the evening because I have a meeting.
@skyyyy, Yes, about 14800-15000 is the support range.
DafroullahELaarbi
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Thanks in advance ," It's valid now" you mean btc gonna drop to 14900 USD ? Thanks again
UnknownUnicorn1413254
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@DafroullahELaarbi, The head- shoulder pattern is valid. I think it will drop to 14900/15000 usd but I can't insure you. I can't see in the future, it's based on technical analyse and the fundamental news I just posted.