Trader-Alex

Alex Analysis (A.A.) - BTCUSDT Next Slump Cycle

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BINANCE:BTCUSDT   Bitcoin / TetherUS
I've sold short BTCUSDT at 10350 for 4 times :

1. 2019/09/20 ( UTC +8)
2. 2019/10/26 ( UTC +8)
3. 2020/02/15 ( UTC +8)
4. 2020/06/02 ( UTC +8)

Since the whole market is built by leverage these years, especially 2019-2020, the big whales and the exchanges should have to make the investors in the market panic; otherwise, the bull market won't begin.

Correction before this bull market is not enough for the subsequent rise.

The whole run chart would be a box structure + false breakout and end up with a drop down.

"Be fearful when others are greedy. Be greedy when others are fearful."

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