DIOR88

The Royal Flush (BTC)

Long
COINBASE:BTCUSD   Bitcoin
We are on the precipice of a breakout move by Bitcoin. If I can see it play out in any way, it would be a dump, front running the range low at 9.1k. A final, swift flush, that punishes early long positions. This bear trap will ultimately have the majority think we are going lower. Some will scream for 7.9-8k where it's being heavily bid. Unfortunately, it's unlikely we correct that deep. If it's anything we know about Bitcoin, it is that price action after a long consolidation is relentless. Expect volatility, It won't being fun being on the wrong side of this.







Twitter : @DIOR88 for more ramblings :)

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