About meFormer Management consultant around M&A activity specifically for PE Funds, left the work force in January 2018 thanks to the Alt coin boom and is currently trading full time while travelling southeast asia.
On a short term time frame (5min / 15 min) BTC broke downward from the head and shoulder pattern it was forming, however we are clearly respecting the uptrend rise from the bottom hit on Tuesday. With the amount of shorts vs longs, many shorts are underwater, and a squeeze to the upside once again could be in the cards.
IMO sub 6k is still likely, however these...
Currently forming the pennant of a bear flag ranging between 6100 and 6400, no good news on the horizon, downtrend from 8400 still intact, expecting another drop once we meet resistance from the 8400 down fall. Pole length = $700, $6300 - 700 = $5600, everyone and their mother is expecting that price to be hit. Will close shorts slightly above.
A surprise...
Were forming the right shoulder of a head and shoulders pattern right now on the 4hr btc daily chart. Expecting news of a delay in the ETF decision this week should push the price further downwards. However a retrace back of some of the loses the past few days may occur before hand, especially considering we have now had 6 straight days of red.
I do not expect...
