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ChartCinema
Jan 15, 2021 5:12 PM

BITCOIN ⚠️ Symmetrical Triangle 🙅 No Trade Zone 

Bitcoin / United States DollarCoinbase

Description

❓ Are your Stop Losses getting tagged from shorts and long positions?

If the answer was yes... that's because we're in a sideways consolidation.

🚨 If you keep trading all your gains will get wiped out in the next few weeks as volatility slows down and bots range up and down the price to take out all the stop losses that they can see on the backend.

😠 Guaranteed you will start to see a lot of "trading competitions" show up for leveraged exchanges and social media influencers trying to push you their affiliate links...

They know this. The House always wins (during a consolidation). Don't get rekt my friends (and maybe load up on some altcoins.)

Comment

Side note: while Bitcoin ranges sideways... Altcoins explode. If ETHEREUM can get passed its all-time-high of $1400, I wouldn't be surprised if it quickly doubles from there to $2,800 per coin (just like Bitcoin doubled after it passed it's all-time-high of $20,000)

ETH/BTC Chart
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