WHAT’S NEXT FOR THE BITCOIN CRYPTOCURRENCY

BTC CRYPTO

What a BEAUTY, this chart brings back memories of when I was a CounterTrend (CT) Trader.

I would have been happy when this kind of trade was going against me, a great opportunity as the Herd would be eager to jump on this for longs, I would be setting up shorts in strategic places.

It boils down to where you start setting your pending shorts with proper Risk management.

We would definitely revisit this Bitcoin chart in a few weeks and I’ll explain further.

Do stay tuned as this chart is screaming shorts but some might not understand.

This is a clear case of Sell when the Herd are Buying and vice versa, smells like a trap about to happen.

And if you are thinking of going long with the trend, map out your key levels accordingly.

Let’s see how this chart unfolds.

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Image may contain: text that says 'BTCUSD,Monthly 13772.940 18818.244 ??? BITCOIN 1331:385 16959.805 15105.400 13250.995 11396.590 Jul2011 9504.34 Jul2012 1Jul201 7649.935 5795.530 1Jl2018 100.0 1Jul2019 3941.125 2086.720 3315'
November 24, 2020

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