ChartCinema

BITCOIN (2020-02-04) 🐻 Bears are in total control πŸ˜’πŸ‘Ž

Short
ChartCinema Updated   
COINBASE:BTCUSD   Bitcoin
  • Stopped out below $9180 πŸ˜’

  • Bears in total control as we've exited the 5-day Trading Range with strong volume.

  • I expect a swift 1-2 week correction, maybe 10-15%.

  • Also, I do not recommend Shorting this, since we are less than 100 days to the Halvening and above the 200-DMA.

  • Instead, this is you opportunity to load up on a good Long position in the next week or so to HODL. πŸ€‘πŸ€‘πŸ€‘

Comment:
Macro Perspective of Whale's Business Model to profit from you...
Trade closed: stop reached:
Multiple Buy Stop Orders filled above $9,400.
This looks very Bullish now.
Comment:
Admittedly, I got tricked by Whales accumulating below Trading Range

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