BTC and the LAST chance to DANCE this time around

It was long coming but a new triangle pattern has emerged. If the last touch of the bottom purple line holds AND the top purple line gets violated North then yes, we should be off to the races. If, however, the white head and shoulders and the purple triangle fail and break south there will be a lot of weeping and gnashing of teeth...

I put on a small long position at the touch of the bottom purple line and will cover if it breaks south of that line. I will also ADD if we break North of the purple and while lines. Since I don't short I'm either long or out. Good luck to all whatever your position may be....

Comment:

I'm out. Back to neutral. Neither long not short. All cash. Perhaps this is another head fake and I will regret closing my position. Or.... the price will continue south and I will pat myself on the back and keep telling myself what a wise move I made. lol.

At any rate, I'm sitting on my hands until the price exceeds 13K or goes below 6K

Right now I would have to say that below 6K looks more likely with many many ups and downs in between. At this point I'm content to just sit it out.......