UnknownUnicorn1043646

Crypto - BTC When the Dip Keeps Dipping

Kort
BITFINEX:BTCUSD   Bitcoin
Idea for Bitcoin:
- Price is hanging out in a bear flag under the 200 SMA after testing it as a resistance.
- Volatile sell off.
- Price, Volatility, and Volume suggests a sell.
- HODLers can hope for a bottom and Buy the Dip, but the risk is that the dip keeps dipping.
- Weakness should be sold, and current behavior indicates clear weakness!
- Having experienced the bubble top and following brutal bear market in crypto in 2017, alarm bells are ringing right now.

Volatility:

Volume:

- According to Wyckoff, this cycle is over:

- Clearly, bearish strength picking up:

"Never buy the bottom, and always sell too soon." - Baron Rothschild

GLHF
- DPT
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