Bitcoin on May 6th at 82,800, BTC on May 11th at 82,400,


Both times dropping straight down from 82,000 in a waterfall decline.
Clearly a double top pattern.
Double top = double blowout, not as simple as dropping from 82,800 to 79,000. I think the double top will double the selling pressure.
If 82,000 doubles the sell-off, a $6,000 drop will bring it down to 76,000.
Yesterday someone asked in the comment section why I didn't buy knowing that 80,000 would rebound to 82,000.
Since the bull has turned into a bear and the market is heading downward, those attempts to push from 80,500-82,000 are quickly pushed up and then instantly smashed down.
I'm afraid you can't escape when going long.
Failing to catch the chicken, you lose your rice.
Just be honest and take the big wave short from 82,000 to 76,000, isn't that better?
You can't want both ways in trading; certainty comes first.
BTC0.57%
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SpeculativeAnalyst
· 6h ago
Just charge forward 👊
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SpeculativeAnalyst
· 6h ago
Just charge forward 👊
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SpeculativeAnalyst
· 6h ago
Just charge forward 👊
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