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RE: The only trend I care about:

in #steem6 years ago

Nothing has changed since my previous update, price is still moving sideways.

Screenshot_2018-05-29-04-45-24-751_com.UCMobile.intl-picsay.png

Yesterday it looked like Bitcoin -3.37% was slipping and would make another drop but there were some buyers who pushed the price back into the triangle again. In one of my previous updates, i mentioned that i was thinking about 2 options. A bear flag , which would mean the price has to go towards 7700/7800 first and than drop again or that we just drop from that point on. Since then we have been moving up and down and making a bigger triangle (something it has done more often!). I remember from the last time (yellow cricle) i was short from the 8900 (don't remember exactly) and i closed around the 8000/8200 i think because i thought the price would make a correction. It dropped even more and during that 'yellow' phase i was waiting for 8200ish to go short again. There were several attempts to push higher but eventually it did not become a flag but a triangle. So i missed the whole ride down that time.

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It's hard to short lows . . . but your pink zone might be interesting . . . if you're really convinced you've got a good risk/reward and you're disciplined with your stops.

I see crypto as a megabull. I wouldn't be caught shorting it for my life.

Thank you so much for your valuable time to reply to my comment.

It will really inspire me to analyze in the future and I am very happy to know your valuable feedback 😊