MoonShot_LLC
Short

Bitcoin has chosen it's fate... get ready to play it!

BINANCE:BTCUSDT   Bitcoin / TetherUS
Well, I posted my trendlines and my pennant , showed the inverse head and shoulders and mentioned the head and shoulders that Magic Poop Cannon had pointed out, and told you to place stop losses; I had mine set for 7660, which was about $50 under my trendline . While I admit that I thought Bitcoin would rally, I still made a point of setting my stop-loss just in case I was wrong. As it stands, BTC struggled, wavered, and finally fell through, falling over 10.7% since that stop-loss (still need to register for an exchange that lets me short, pity I missed this chance). Should we fall back to the base of the pennant , we would be set to revisit prices of roughly $3000, but I would be a little more cautious in trying to call the market bottom. I haven't checked out the Fibonacci's to look for support levels, but a clear support level would be the 2/6 low of $6000. I don't know if it's the wisest idea to short, as it is a little bit late, but feel free to do as you see fit. I would wait for oversold conditions in the daily RSI before considering to start longing again. However, never forget the most important rules of trading - stop losses and risk management before profits!
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