Over the next month, I'm very confident bitcoin will dip under $2000 and that if August ends up being a bloodbath as well then the price will dip way lower. Nothing to worry, just let the price settle then get back in. It would be very smart to take a big portion of your bitcoin into fiat now, and buy in at different places on the way down, $1800-$2000 to start. I...
We might be seeing a developing descending triangle.
If this closes below actual support with good volume, we could see panic selling and it can be a very interesting fall.
Remember closing price is very important..and even more important to plan good Risk Reward trades with strict risk management! (1%!!).
I have been shorting since 2565 if you have seen my previous posting. I am continuing my short until $1760. I have included Some scalping zones, but I am keeping away from the longs. Max leverage on my shorts are 25x when bitcoin hits resistance levels.
