knewlights

knewlights

As I said in my last posted idea (Day scale), two steps down, one step up. I see another H&S formation and I would set my Stop Loss a bit higher above the right shoulder but when I wake up in the morning I expect to be well into profit with a SHORT. Just my opinion.

knewlights

Hearing rumors a few days ago that it might drop back to 32k, I decided to short Bitcoin, while setting a stop loss well above the last "one step up" if you will. The idea behind a "significant" step up can just as well be a tactic to obscure the downtrend. On my Day chart I see a classic Head and Shoulders formation that so far does seem to hold, and I set a...

knewlights

Looks like a head and shoulders reversal to me, so maybe it will drop as indicated. Don't blame me if you follow my opinion.