The head and shoulders could play out for Bitcoin.
However, looking at USDT balances of Binance and other exchanges such as Houbi, I can see they are refilling again.
Therefore, there is a good chance there will be a pump for BTC in the next few days. If this falls through, you probably aren't going to lose as much as the potential reward.
Previous fills up to this level caused a 3% BTC pump. So could be just a small pump before another move down.
Thanks for viewing!
If we don't hold here, its very likely we bart down into this area in one big move.
I closed my longs for 6%. I can buy back in but this is telling me to sell.
Update. First target reached.
I think sub 2k is very likely. There is no way 3k was the bottom.
Still a year left before the halving. I'm looking for the break of the 200 day ma and the btc nvt ratio before going permabull.