BTC, SELL EVERYTHING UNTIL IT"S TOO LATE!
Hey everyone!
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What we've got here:
1) Every next wave up is smaller than previous one. Usually it indicates following retrace or long consolidation at least.
2) Price trades in the rising wedge (black). I give it a room up until 10600. Invalidated when price fixes above it on the daily at least.
3) Key resistance level 10370 - the top of previous fake pump.
4) Price trades near key resistance line (orange), which is previous support of large consolidation before that 15% drop.
5) Golden cross on 15-17 th of February. Usually price dumps during golden crosses and pumps during the death ones. (Remember that 30% pump a few months ago?)
6) Lot's of scam wicks last day or two. Lot's of sellers on binance, which we have never seen until today.
7) Grayscale bitcoin index dumped almost 7% today. Usually it leads bitcoin a little bit.
For bullish scenario price needs to close above orange line, above falling wedge and above 10370 at least a few days. Key resistance above is 10600 now.
You can reduce your risks by selling everything or at least a part of you portfolio including both Bitcoin and Alts now.
You can open short position when breaking the lower boundary of rising wedge.
The safest: you can open short after exiting the rising channel.
Always DYOR and have profitable trades!
Good luck!
Please support this idea with likes and subscribe to get fresh updates!
What we've got here:
1) Every next wave up is smaller than previous one. Usually it indicates following retrace or long consolidation at least.
2) Price trades in the rising wedge (black). I give it a room up until 10600. Invalidated when price fixes above it on the daily at least.
3) Key resistance level 10370 - the top of previous fake pump.
6) Lot's of scam wicks last day or two. Lot's of sellers on binance, which we have never seen until today.
7) Grayscale bitcoin index dumped almost 7% today. Usually it leads bitcoin a little bit.
For bullish scenario price needs to close above orange line, above falling wedge and above 10370 at least a few days. Key resistance above is 10600 now.
You can reduce your risks by selling everything or at least a part of you portfolio including both Bitcoin and Alts now.
You can open short position when breaking the lower boundary of rising wedge.
The safest: you can open short after exiting the rising channel.
Always DYOR and have profitable trades!
Good luck!