Bitcoin Daily 9P to signal reversal, or start of new bear countdown?
Will this 9P signal a massive reversal, or the beginning of another 9 candles downward? I still think we are bearish to my target of just below 5k.
Shown here is the BTC/USDT chart because I was doing some analysis for a friend. I personally will NEVER buy Tether, but using this chart because I don't want to redo these drawings.
My target used to be above 20k it did not happen. Take your profits, shorting crypto is risky.
You're right, shorting Crypto is risky. I'm only doing technical analysis on this market because others find value in it, I don't trade it, personally.
My target continually changes as time passes and I can refine my TA. Check my twitter (lukewestlake) or FB (lukewestlake) if you want to see a history of TA and how I refine targets along the way. I'll be using Steemit to post all of this now, so follow along if you'd like continual updates. I'll be writing about a lot of topics beyond Bitcoin and Crypto.
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