Yes, we do like to short BTC all the time. :)
Well, between "stop-hunts" (my "NYEEE!!! moment" label) and possible "life support crawling bounce lines" (yellow), I think this admirably well defined pattern (cyan) wants to be alive by reproducing it's next sub-frame copy, although it's territory (red) is shrinking by the definition of it's own fractal nature, and... nothing lives forever.
I think I will try to open a short position slightly below the yellow line with a stop slightly above it and try to close it around the cyan line. If it bounces from the yellow line (or from 235 as a sort-of "double bottom"), I need to reconsider (see if the upper boundary - red line - holds or breaks).
PS: Just as I finished typing, it looks like it might be bouncing already (on low volume though), so I will stick with a neutral sticker but publish it anyway. :P
I think I will try to open a short position slightly below the yellow line with a stop slightly above it and try to close it around the cyan line. If it bounces from the yellow line (or from 235 as a sort-of "double bottom"), I need to reconsider (see if the upper boundary - red line - holds or breaks).
PS: Just as I finished typing, it looks like it might be bouncing already (on low volume though), so I will stick with a neutral sticker but publish it anyway. :P
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