Bitcoin - Triangle - 888 - Soros - Sell?
Updated
BTCUSD price action on the daily chart is a huge descending triangle from its peak in December 2017 till today. Because I noticed the love for number 8 at some support / resistance levels I was looking for a final touch of 8000, and there may be, where the descending triangle will drop the price into the Abyss.
At the same time a press release from George Soros announces he is preparing to trade cryptocurrencies following a statement of his a month earlier where he calls cryptocurrencies a typical bubble. A coincidence, or not?
First of all, vey timely of Mr Soros to invest when the price of the leading crypto is low. You can tell he is an experienced trader as he buys in a dip / pullback. As experienced trader you will then also probably know that liquidity can be an issue if you like to enter the market with large deals and in that case publishing an article as such could seriously help getting your SELL order into the market.
Good luck everybody!
For the bulls I hope I'm wrong, and for the bears I hope I'm right.
At the same time a press release from George Soros announces he is preparing to trade cryptocurrencies following a statement of his a month earlier where he calls cryptocurrencies a typical bubble. A coincidence, or not?
First of all, vey timely of Mr Soros to invest when the price of the leading crypto is low. You can tell he is an experienced trader as he buys in a dip / pullback. As experienced trader you will then also probably know that liquidity can be an issue if you like to enter the market with large deals and in that case publishing an article as such could seriously help getting your SELL order into the market.
Good luck everybody!
For the bulls I hope I'm wrong, and for the bears I hope I'm right.
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One year later it seems about to happen. So first some upside and then in a few weeks a fast drop below $1000 is my unchanged prediction.
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