play_with_the_whales

Bitcoin decision time

Long
BITMEX:XBTUSD.P   Bitcoin
While I still think it´s the most likely scenario that this pump is entirely fake, planned and executed by the big guys spending all their fucked USDT to buy up #btc, to exit the market with a monster drop on retail investors, this is what the chart tells me right now.

I don't know if we will break upwards or test it multiple times and be rejected in the end, but the last days had such a strong momentum Bitcoin went almost parabolic again. So my gut feeling says: yes we will break through during Consensus 2019 next week.
Trade active:
Well, this did age very well.
But lets be clear, this pa is completely nuts and can not be sustained for much longer.
Make sure TO TAKE PROFITS and mange your stop loss order scaling in and out.

The most important question I ask myself when I´m in doubt about my next decision is not, how to make as much money as possible, but how to lose as little money as possible. I avoid losses at all costs, the rest comes over time.
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