BitcoinShort
Breakpoint reached! We're going down!
In May we saw a major Bull trap which touched $679 before resuming the general bear trend.
The support level at $445 was tested in august and finally broke in september.
This chart gives an idea of price action had the bull trap not happened - we would have touched
the lower support line and be on our way out of a completely deflated bubble.
Anyway, the May scenario looks to be repeating itself and we're now about to retest the $239
support level. If this breaks we could drop fast and retest the main support at around 170:ish
before we start a slow bull march along the mean.
Disclaimer: I trade and chart for myself - please do not accept this as actual trading advice.
Happy trading!
/Esper
The support level at $445 was tested in august and finally broke in september.
This chart gives an idea of price action had the bull trap not happened - we would have touched
the lower support line and be on our way out of a completely deflated bubble.
Anyway, the May scenario looks to be repeating itself and we're now about to retest the $239
support level. If this breaks we could drop fast and retest the main support at around 170:ish
before we start a slow bull march along the mean.
Disclaimer: I trade and chart for myself - please do not accept this as actual trading advice.
Happy trading!
/Esper
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.