BTC had a fake breakout to the upside over the weekend, spike in BTCUSD SHORTS, and now broke down from the same symmetrical triangle on the Daily chart following a fall from an ascending channel on the 4H chart last night.
I think it is very much premature to measure the pole for this downfall. So I am only measuring the depth of the triangle that takes us down to 24k challenging for the first time BTC history where it never reached down this close to a previous cycle's ATH. I have my bids laddered between 26k to 24k, with a prayer to go north from there. The 24k happens to be the 1W 100EMA, which should serve as a strong support for now.
I understand the sentiment in the market is very bearish, still I am not. But nevertheless, I trade what the charts say, not what fortune tellers want me to believe. Let's see how this plays out.
I think it is very much premature to measure the pole for this downfall. So I am only measuring the depth of the triangle that takes us down to 24k challenging for the first time BTC history where it never reached down this close to a previous cycle's ATH. I have my bids laddered between 26k to 24k, with a prayer to go north from there. The 24k happens to be the 1W 100EMA, which should serve as a strong support for now.
I understand the sentiment in the market is very bearish, still I am not. But nevertheless, I trade what the charts say, not what fortune tellers want me to believe. Let's see how this plays out.
Unless you figure a way to make money while you sleep, you’ll work till you die.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Unless you figure a way to make money while you sleep, you’ll work till you die.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.