BTC - Stuck with a dilemma

17 thg 1, 2021

If the daily does not violate the green trendline, the probability to break up is higher.

Disclaimer: These are not trading signals. Trade at your own risk!

17 thg 1, 2021

Ghi chú

Best to stay full cash now, my personal bias is that BTC will be breaking down. I might also be wrong, hence the reason to stay in cash. A lot top authors are bullish on TV, claiming the symmetrical triangle is a continuation pattern. Theoretically, yes, but it usually doesn't apply to BTC. It's not a good sign usually when the top authors do that, no offense to them, but don't trust anyone else's TA other than yours, not even mine! BTC could drop dead all the way to 18k within one 15 min candle and back up to 35k. So do your due diligence and always remember you are NEVER missing out, unless you start to feel like you are going to miss out. All the best! Peace! ✌️

17 thg 1, 2021

Ghi chú

For granularity,

20 thg 1, 2021

Ghi chú

BTC played a trick as always, it went up like it was following the red path but it didn't quite touch the side of the triangle, turned around, came down and touched the other side. Hopefully it will now follow the green path to break out of the triangle to test the ATH(atleast for the sake of the shorts opened there..lol). 5 contact points down, one more to go. Could be in the next one day or it could drag it out for another week. We have to wait and watch.