Rudcardinallo

Road to 5k: Textbook Bearish Pennant

Short
Rudcardinallo Updated   
BITFINEX:BTCUSD   Bitcoin
And target is 5.7-5.8k
Comment:
Th
Trade active:
There is a big drop and possibly a bull trap on the way. Start to close your reasonable positions, a bull run might occur to 7.5K after we drop to 5.8 and then 5k.

Market makers are selling their holdings and they do it in a way that making the price artificially go up and then dump on you.

Don't fall into the trap, don't be greedy.

Just get out in an optimal price range.
Trade active:
I don't think Short Squeeze invalidates this, one way or another we are going to see below 6k after this Top.
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