TAKing
Short

Critical Inflection Point

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
232 views
1
232 0

Not a trading advice. Do your own due diligence.
Comment: Selling momentum started at the decisive breakdown of the wedge point at the long term down trend line. Selling intensified with negative news and eventually penetrated the 200 EMA. At .618 retracement, BTC found some support. There is a major battle between the bulls and the bears at the inflection point I noted. Ultimately, I believe the bears will win and drive this down to upper 6k.
Comment: Look at the perfect lines. Only one like? Being short is a lonely planet. lol
Trade closed: target reached
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out