CooLBoT

Bitcoin: breaking global triangle

Long
BITMEX:XBTUSD.P   Bitcoin
There is no strong certainty that recent 3600 was bottom of the market, however, there is too low fuel for moving further down and the look at things globally suggests strong growth, with the exit up from the “global triangle”.

The market today with its volatility allows you to masterfully scalp and swing, but you can make pleasant x2 more calmly with a minimum effort.
Speaking more concretely: we will very slowly and accurately accumulate LONG position in the range 4300-5800.

We consider the possible impulse to 3100 as a great opportunity to increase our LONG at best price under loud screams around: "Short only! BTC goes to 1500! ". If you already trade crypto for a long time, you knows how this Samsara wheel works, and then it will not be difficult to recall how many times and at what moments these screams were previously heard. And then what happened after that.

You should not expect that going up will happen quickly, it can take several months. There will be a long exhaustion of market participants, long squeeze in both directions, everything is as usual...

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