I would normally not advice to short in a bullrun. But becasue I made some nice profits with shorting from 19500 area and 18600. I can't help myself with looking down again. There is a big chance we go to 14k. If so I think maybe my descending channel gets respected again. But most of the time when a trend gets too obvious the opposite happens. So beware with...
BTC took well support on the EMA 200 and fibonacci 0.618 level. The macd made a crossover and RSI is almost above 50%. We can assume bitcoin wants to move higher. If we break the descending channel, bitcoin will try again to break the ATH. When we get rejected at 18800, price will go down and we will slowly bleed to the 17000 area. Be patient and wait for 14k > It...
if you compare the beginning of Amazone with Bitcoin then you will see that price almost makes the same pattern. First Amazone came on the market, a big rally up made an all time high. Years later it touches the ATH but then still makes a huge correction after that before the bullrun really kicks off. Why I post this is because everyone thinks bitcoin is going...