Looks like a head and shoulders pattern to me. We are right now at weekly resistance and altough I’m a permabull, I like to sometimes short BTC with small amounts on margin exchanges, so whatever happens to the price, I’m happy xd. Price goes down, my trade wins. Price goes up, my trade loses but my HODL position increases in value. So this is kind of a coping mechanism for me. Tell me if you do the same thing :D
Either way, short BTC here, target is the first leg up in the H&S pattern, stop above next loomline after weekly resistance. I’m hoping for new ATHs this year or atleast by next year, but in the mean time I’m having some fun and trying to learn trading.
Long term view is still definetly bullish.
Either way, short BTC here, target is the first leg up in the H&S pattern, stop above next loomline after weekly resistance. I’m hoping for new ATHs this year or atleast by next year, but in the mean time I’m having some fun and trying to learn trading.
Long term view is still definetly bullish.