We are now following the channel to short BTC. We had a long trade trying to trace a retracement a little earlier and stop loss hit. BTC has a signal of stop dropping at fibo 0.786. Also a potential CYPHER , as chart shows, could send it back to 10k round, and could touch the channel again. Meaning that red zone could be a good entry to short BTC again.
Less is more!
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There are some bearish sign here. If BTC cant breakthrough this resistance, will see a retest of 7K first.
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BTC is still moving up slowly and broke the small red resistance zone .
.... how can this be a channel with only one point on the lower line.... ?! Question mark, question mark, question mark.
SalientQuips
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How much do you lose per year on average? You don't realize this rally is the longest in months without a 618 retrace? Instead you say we have to break this resistance or else 7k. I'll keep taking your money. Thanks.
JonathanNg44
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@jeffswanson, you sound like you've never made any money in the markets, with that ignorant attitude, you will never either, we'll just keep taking your money, thanks.
StrongHandDan
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How can anyone possibly follow this trader knowing every viewpoint is bias and bearish.
kesmoments
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still waiting for your 3k btc? lol
FUNTRADER-Vera
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@kesmoments, LOL. Its not something happen in 1 minute.
kesmoments
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@FUNTRADER-Vera, hey I think you are pretty but I am not sure if it can go down that far =)