greater_fool_

BTC short-term trend reversal?

Long
greater_fool_ Updated   
COINBASE:BTCUSD   Bitcoin
One violent price drop does not exclude a possibility of another one incoming but some recovery is likely. Current situation reminds me a bit previous reversal in late April (in linked ideas). This idea is basically zoom in on my previous analysis (also linked). I have to admit I got caught a bit off guard, what I expected to happen over time span of days or rather weeks happened in hours...
Return to 30k is still possible. Retail investors got seriously scared off.
Trade closed manually:
Well, nope.
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