Bitcoin Analysis - The path ahead - Expanding Triangle & more

Updated

Hi guys.
We will see bitcoin price go lower from here, to form the expanding triangle. Marked red in chart
From there we will either bounce, or continue downside to our box

Note

Guys.
Quick update: current price: 3510. Do I think Bitcoin will bounce from the red circled area and move all the way upwards again? NO. I'm confident it won't.

I'm pretty confident we will get new lows, with the minimum target the lower ORANGE BOX. MINIMUM.

Your opportunity is now. Don't be stupid, just sell.

Note

To the few followers I gathered so far: thank alanmasters, his stoploss at the lows will be our takeprofit.

And you want to know the best part? he does not accept his loss when it spikes past his invalidation level (that is at the lows), because he just closes trades after his 4 hour candle closes. I tried to tell him, but I think his ego is too big to accept being wrong. some people have to get burned to learn. Large following =/= accurate calls.

I'm happy you will all profit with me, enjoy while im here

Note

i'm neutral for now, not 100% convinced of short right and away for a bit. it is possible that we see an upmove, and i can't update fast enough on tradingview. will tell you when its clear again. current price 3498

Note

Nice downmove, it will reach our target soon and make a new low

GettingAnotherMillion

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