Overall Bitcoin is short.
Beaviour to look out for is when we break down the bear flag. This is a massive bear flag, and the destination is at least 6700.
There might be a temporary bounce to 9.3k to 9.5k. For me this would be logical because of the better flag formation, but Bitcoin is on such a strong bear march that the flag may break down sooner than expected. To be on the safe side, I am remaining short.
Keep the bottom of the bear flag as the ultimate support for now. If this breaks, then its going to plummet.
Best advice is not to fight the correction. Sit back and be patient. Remember that we are here to accumulate more Bitcoins. This is very easy to do in a bear market. Only key is patience.
Beaviour to look out for is when we break down the bear flag. This is a massive bear flag, and the destination is at least 6700.
There might be a temporary bounce to 9.3k to 9.5k. For me this would be logical because of the better flag formation, but Bitcoin is on such a strong bear march that the flag may break down sooner than expected. To be on the safe side, I am remaining short.
Keep the bottom of the bear flag as the ultimate support for now. If this breaks, then its going to plummet.
Best advice is not to fight the correction. Sit back and be patient. Remember that we are here to accumulate more Bitcoins. This is very easy to do in a bear market. Only key is patience.
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Going to fill the large bear flag, like it should. I am placing my sell order at 9450 to be safe that I get it. It may still move to around 9550.
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I have sold my long position about 4% short of its high, but its better to take profits when you can. Look at how fast the market can drop.
Look at my head and shoulders new idea. Keep your trades short for a few days.
Look at my head and shoulders new idea. Keep your trades short for a few days.