racethehare

BTC finally showing its hand. Bearish wedge with decreasing vol

Short
KRAKEN:XBTUSD   XBT / USD
Previous call on the hard ceiling at $10,168.

Market is so "confused" right now, folks changing opinions depending on the direction of the wind. That's a really bearish fundamental indicator.

Think twice about trading LONG at the TOP of the market. All long trades here are 100% FOMO. If you were long, it should have been at 7k or lower...

Short position has an easy stop loss, and a definitive structure. I look forward to discussion in either direction.
Comment: coincidence?
Comment: First muffin top

Comments

i think 6k7 -7k9
+1 Reply
Nice Idea! Here is our weekly analysis:
+1 Reply
I like it!
+1 Reply
@keifer, ty
Reply
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