mjtrustme

BTC still in bearish flag

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Upon the attempt of breaking out of bearish flag BTC was overpowered with sell side momentum.

With this pattern, the RSI already correcting and the MACD setting up for a sell side crossover there is no shame in being short.

Everyone wants a BTC bull but I say we still will not see one for years to come. This is a time to DCA into many key positions and play it smart.

As always though, without good fundamentals and a solid crowd btc is a risk which is why I will not play the long term game here.

Comments

Just bought more..thanks.. Your calls are the best
+1 Reply
mjtrustme MrMoneyMatrix
@MrMoneyMatrix, The pennant is still intact on the daily ! ! Watch the bottom of the pennant and see how it acts when the price touches that trendline.
Reply
MrMoneyMatrix mjtrustme
@mjtrustme, that pattern is no longer valid I will post the new
+1 Reply
mjtrustme MrMoneyMatrix
@MrMoneyMatrix, still waiting.
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MrMoneyMatrix mjtrustme
@mjtrustme, yea,,, me too.. i hope the price goes down...i want to buy more btc
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mjtrustme MrMoneyMatrix
@MrMoneyMatrix, this is a big bear flag. weird how bulls are still calling stampede.
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MrMoneyMatrix mjtrustme
@mjtrustme, i could care less because i win reguardless...i hope the price goes below 8k
+1 Reply
mjtrustme MrMoneyMatrix
@MrMoneyMatrix, lol overly bearish bro. be calm, dont play bias. Just watch it and learn from the analysis.
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MrMoneyMatrix mjtrustme
@mjtrustme, if you had acually looked at my charts you would see i have the exact price it could fall to already...
+1 Reply
MrMoneyMatrix mjtrustme
@mjtrustme, look at my chart tittled btc...bots... you could learn from me
+1 Reply
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