Short

FIRST STOP BTC $35K, THEN $30K... SHORT

Phenomenal run in BTC on the longer term time frames suggests we have gotten quite exhausted. Looking at the shorter term time frames, especially the 4 hr, indicates a confirmation of our view that BTC is rolling over.

Paper hands keeps realized profits in this event. No sense going through a 50% drawdown. Better off getting to the sidelines and waiting for the dust to settle.

If they get to their worst we could see 11k.

I know crypto children, I shouldn't say such things.
Bitcoin (Cryptocurrency)BTCChart PatternscryptocryptotradingTechnical IndicatorsTechnical AnalysistradingTrend Analysis

Also on:

Related publications

Disclaimer