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Siam-Whale
Feb 8, 2019 3:42 PM

BTC DANGEROUS POSITION Education

Bitcoin / Tether USDPoloniex

Description

BTC is reaching the ceiling of an important downtrend line. Basically, the downfall is imminent so it's a very dangerous level to enter a long position. Even with a healthy breakout, it is worth waiting for that trend line to be reconfirm as a support or else, it's the bloodbath.

My take is stay away from BTC for now. If aggressive trader, a short position is more favourable.
Comments
Boon2
BTCUSD H4 Correction up. Checkout the idea detail's and all the update's for the complete picture.
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