ChaseWallace
Long

bitcoin last chance for bounce

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
last chance for a (short term bullish ) bounce. Would like to make money long retracing back to the (untested) 6k ceiling or downtrend line, since btc dumped so hard. I'm not seeing a bull div yet so not looking amazing.

since we've been in a downtrend all year, it wouldn't be wrong to assume that it's running out of steam yet again.

thread in comments

Comments

its all about how much shorts can be sqeezed… once shorts become too many, mr market will want to squeeze them
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