Suspense and excitement is what it is. Coming to the end of Y19 and we have such a scenario that BTC can go any direction.
If we fall short to create the inv. H&S, we have the possibilities to go very bearish. If we make it above a critical line, we have the other. I do believe though the longer is goes sideways, say another 2 weeks and it stays above 7K, the more likely the bottom is in.
I don't have a preference and why should I, its really 50/50 risk?
In the background, I'm constantly reviewing the scenarios to know when to go long. a) b) c) d)
Not
My strategy in the shorts Price movement is confined in a channel (black boarders). If the price drops out of this, then the red zone is the sell\stop limit area But for now, the 200 MA is the support in the 4 HRLY
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