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BTCUSD Embrace yourself

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You can see BTC has broken the giant triangle on log chart. If we cannt see a strong bounce today, we may see a catastrophic drop coming.

By the way I have been 20x shorting it since it broke the symmetric triangle yesterday. My opinion might have been biased by my position.

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It hasn't broken the triangle on the normal chart. But personally I think log chart is more indicative for a larger time scale. Good luck!

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I have bought 20% of my spot coins holding around 6700.

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It will likely break the new low 6614 to trigger panic selling. But I think the local bottom which will bring us back to 8k+ is very close.

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I am laddering buys between 6200 to 6600. Since I am still holding my short position, I do not have much risk buying now. I think the bottom is very close and any buy right now will bring good profits in the following days.

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