BharadwajRallabandi
Long

Volatility is going away. Accumulation?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
117 views
2
The first wave down was brutal. 17k to 6k and it took 1 month.
Second wave down was a little less brutal. 12k to 6.5k and it took 1.5 months.
Third wave down is even slower, 10k to 5.7k in 2 months, which means bears are running out of steam and accumulation is happening.

We can go even lower to 5.5k or 5k but I will definitely be a buyer there as well.
Trade closed: target reached: Take those nice profits from 6k, we can long again on a break of 8500.

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