Mega resistance now that Bitcoin broke down from what looked to be a cup and handle.
We're now going to retest that breakdown point as resistence. I will enter a short because it is a superb R/R
I'm not a fan of double bottoms, in the case of bitcoin it signals further capitulation if anything went below 10K.
3 R/R if we smash just a "double bottom", 5+ below that lol - I would hate myself if I didn't try hedge. We have a stop loss so that we aren't holding USDT bags and much rather bitcoin bags.
@DukeDinhd6, high probability trade of not getting rekt haha
alter.daemon
⋅
Yes, it has to happen, technically speaking we should at least touch the oversold area on daily RSI.
But still I would like the both of us to be wrong in that regard ;)
zeelorenc
⋅
@ALTER.daemon, technically speaking i really have no reason to not believe we go lower