Just be careful. The majority of buyers aren't selling anymore at this point with a big rally in sight and the first signs of Bitmex whale-bears closing their positions are there (see botje's latest updates). A small retrace might happen but it will mostly be fuelled by opportunistic sellers. Once the first of them start closing their positions because a string drop isn't happening we'll probably shoot back up and then there's probably no stopping at 4000...
@micmuc, Thanks for your comment. About: "Bitmex whale-bears closing their" and botje's, I personally think he is a terrible technical analyst. Its pretty crazy how he has such a high reputation. He doesn't even pick a side on his analysis (neither long nor short). He just draws lines going both ways. Don't follow the herd, they are taking you to the slaughter house. This is all just a big consolidation before further downside.
Regardless if I'm wrong or right, this is a great risk reward opportunity 5:1 :)
druda015
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What do you think of my simple triangles?
TheTradingBro
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@damarg, Could be yes, but I think my channel has a lot more touches making it more valid. Also we are so close to a third touch at your top blue line that I think it's going to try to get that touch now.