I have an idea!

9 thg 4, 2020

Bitcoin should have hit our downtrend line yet but it may still visit it. However, if it doesn't soon enough then I think the price will move down towards the 6.5k-6.7k region and then make a move towards the line at roughly around the 7k-7.1k mark where it will encounter heavy resistance. There we will find a massive low-risk short opportunity and high-risk long trade. The only invalidation would be this falling wedge I have drawn. That could pull down the price massively in a few large candles so I will see how that goes.