I've been convinced of the descending triangle rhetoric for months now. Lots of people ask me everyday my thoughts on BTC and why I think we will see more downside. We see how quickly sellers rush to sell btc lately, the big candle on oct 15th was an example of this, big candle up, then big rejection almost immediately.
I have my shorts on but not for much, I think there is a lot of interest in buying cheap btc while keep all this ecosystem profitable and we will probably see a quick recovery after testing the 5k area. Lets be prepared for everything since this setup also shares some particularities with that of the rounding bottom, which is bullish.
Please share/like or follow if you like the idea! More to come! :D
I have my shorts on but not for much, I think there is a lot of interest in buying cheap btc while keep all this ecosystem profitable and we will probably see a quick recovery after testing the 5k area. Lets be prepared for everything since this setup also shares some particularities with that of the rounding bottom, which is bullish.
Please share/like or follow if you like the idea! More to come! :D
