BTC Simple Short Setup UPDATE
Uppdaterad
After a series of small time frame successes short, we are now at a key area for a much bigger move lower.
In a previous post, I wrote "bulls don't want to see this fail". Bitcoin (BTC) did fail and has now produced a
large bearish flag.
Forming this larger bear flag pattern may not only test its previous lows but also potentially result in
a further significant drop worth thousands of dollars. Unlike previous small time frame posts, this could take
time to play out.
It is better to be out of a trade wishing you were in rather than in a trade wishing you were out.
Caution is in order!
In a previous post, I wrote "bulls don't want to see this fail". Bitcoin (BTC) did fail and has now produced a
large bearish flag.
Forming this larger bear flag pattern may not only test its previous lows but also potentially result in
a further significant drop worth thousands of dollars. Unlike previous small time frame posts, this could take
time to play out.
It is better to be out of a trade wishing you were in rather than in a trade wishing you were out.
Caution is in order!
Kommentera
WeakeningKommentera
A lot of people were psyched out on the recent spike but Nothing has changed.Kommentera
As expected nothing has changed. In fact, BTC is now more bearish looking.
Real Macro Economic Investing
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