Short

BTC - Fear is stronger than greed

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Just having a coffee break in between my work duties. The Penguin indicator again is sitting on the chart. I can imagine we are in a danger zone here with 2 possible scenarios. I am presenting the more likely one. Weak confirmation of this rising wedge (bearish pattern) and sudden, rapid move to the downside. If current target won't hold, 20k will turn into resistance. For now if this isn't a fakeout (also possible), we are looking at sub 20k as target zone for BTC within the next 3-4 weeks. This move could be accelerated (affected) by external factors.

Trade fermée: cible de profit atteinte

tradingview.com/chart/C1WuNHGK/?symbol=BITSTAMP:BTCUSD

No LONG until price locks daily above 22k (atm)

Note

Note

$18363 😶

crypto_poet

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#BTCUSD - bearish outlook

par crypto_poet

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