Warning: Possible double bottom at a .618 Fib on the daily!
Posting this for later.
Potentially high R:R long setup here.
Daily is showing a potential double bottom at 40 RSI, and the .618 retrace of the Bitstamp dump.
Been wondering why Bitmex has been liquidating shorts..
I suspected because we're going to pound town.
What if those weren't liquidity hunts?
I've also been thinking $14k wasn't our top yet.
So this is the most bullish setup I've seen in the past 2 weeks.
Trying to remain objective with as bearish as I've been recently.
The first time this level was hit, not long ago, Bitcoin had a 22% pump. Keep that in mind.
Stay safe
Bitmex version for those degens out there like myself:
Potentially high R:R long setup here.
Daily is showing a potential double bottom at 40 RSI, and the .618 retrace of the Bitstamp dump.
Been wondering why Bitmex has been liquidating shorts..
I suspected because we're going to pound town.
What if those weren't liquidity hunts?
I've also been thinking $14k wasn't our top yet.
So this is the most bullish setup I've seen in the past 2 weeks.
Trying to remain objective with as bearish as I've been recently.
The first time this level was hit, not long ago, Bitcoin had a 22% pump. Keep that in mind.
Stay safe
Bitmex version for those degens out there like myself:
