Bitcoin / TetherUSShort
BTC in a dangerous triangle
If it breaks down under $18500 (which is more probable in accordance with TA that says more touches of triangle base = higher chance to break down) it could lead to $6200 for BTC.
BUT
breaking towards upside could lead the price to $32000, which is more probable in accordance with Bitcoin deflationary nature.
I bet on long squeeze to 12k$-14k$ and coming back to 20k levels.
BUT
breaking towards upside could lead the price to $32000, which is more probable in accordance with Bitcoin deflationary nature.
I bet on long squeeze to 12k$-14k$ and coming back to 20k levels.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.