Hello traders, following up from my price structure post for BTC/USD (chart is shown below), I have now spotted a bearish three drives pattern indicating a move to 1600 before the drop.
It will be interesting to see how this trade develops over the next several months, it may amount to nothing or one hell of an opportunity... We'll soon find out!
Connect with me below for more training inspiration :)
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We're now approaching the all-time high, keep an eye on the move up to $1600.
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Price is still pushing up, we're now closing in on $1600 and here is what I see happening.
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Price failed to close above $1600, this is where the dump begins :)
@OllieCc, was thinking the same thing. Always seems to get it right. In this case, a lot of respected analysts are saying we could get to 2k so I'll be super interested to see if we really do pull back from 1600 (especially after what happened yesterday!).
bagofXMR
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what's your opinion now? did you ever enter this short?
makes sense to you?