BitcoinShort
BTC SHORT Play? Could lead to buying opp of a lifetime!
VERY similar setup on the 1W Heikin Ashi chart from mid 2018
bunch of red candles followed by green, red, and 3 more greens. MACD crossed to positive territory but not very bullishly in '18 just like it's doing now
led to a large descending triangle that finally broke the vaunted 6k level back in the day
if history were to repeat itself, we could expect BTC to fall to the 200MA around 5k (probably mid 5s by then)
would be a DREAM to buy there. would also line up with my previous idea about this current wave 5 down to the 5k region
bunch of red candles followed by green, red, and 3 more greens. MACD crossed to positive territory but not very bullishly in '18 just like it's doing now
led to a large descending triangle that finally broke the vaunted 6k level back in the day
if history were to repeat itself, we could expect BTC to fall to the 200MA around 5k (probably mid 5s by then)
would be a DREAM to buy there. would also line up with my previous idea about this current wave 5 down to the 5k region
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