RIP Lord Ashdrake!
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.
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.
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All about position sizing fellas