btc 3-17 update~

good afternoon,

been on the sidelines last week or so just observing price action, and allowing the market to show me what it actually wants.

i think i've got a pretty solid case to make from here.

so long as btc stays below 42698.0, a 20% drop is expected
if it breaks above 42698.0, a short squeeze will be triggered, and will invalidate my idea entirely.

i think btc stays flat for the most part, until around sunday evening
on sunday we see 1 final spike up, and this move will be for shorting with a hard stop $1 above $42698.0.
alts might run through the weekend while btc stalls out \ btc.d declines.

downside target sits at 31k before anymore longs can be safely taken.

✌

Comment:

Btc might skip 31k entirely and drop straight to 20k. I know this is a pretty bold statement, but expect it if it comes.

something weird is going to happen in the world within the next 1-2 weeks that is going to cause longs to get mass liquidated.

best of luck!

Comment:

Scenario 1 -

Scenario 2 -

Trade active

Comment:

www.youtube.com/watch?v=hovGTfd_...