BTC is showing perhaps one of the worst signs in its history in terms of bearish outcome. I had drawn this line long time ago, and I just so happened to open the BTC1! again and saw it. To my amazement, the top of the latest bullish push was EXACTLY on the line, confirming its relevancy, and perhaps showing that we are in for the most massive dips in the history of Bitcoin. I will not be holding through this, I expect the bear market of all bear markets, perhaps even the death of crypto is not out of the question.,
Longs at 13500$ and 7500$ are for me good ideas, in case it doesnt die, but if we do fall lower than that, I believe buying is absolutely crazy and throwing money away.
We will see what happens, maybe I am overreacting, but this trendline speaks for itself.
I am not trading crypto currently, I'd rather not short, I will wait for 7500$ to get hit and see what happens there. Till then.
Longs at 13500$ and 7500$ are for me good ideas, in case it doesnt die, but if we do fall lower than that, I believe buying is absolutely crazy and throwing money away.
We will see what happens, maybe I am overreacting, but this trendline speaks for itself.
I am not trading crypto currently, I'd rather not short, I will wait for 7500$ to get hit and see what happens there. Till then.
