BTC Roller Coaster: Fasten a Seatbelt
Updated
With the capitulation in may still lingering in the minds of retail and institutional
https://www.tradingview.com/x/HKDseh6M/ traders alike, we get exposure to market events that speak to the uncertainty that lies in even the most advanced TA. With capitulation, a record number of liquidations roll through the equity value of BTC along with most ALTs. This part of the market cycle is not a hit and run situation either; this is a phase bound to last probably till mid-to late October as we approach the crypto "jackpot" month of November. Ranging markets are inbound but for now, this bearish flag is indicating a push further down into the low 20k's. Stay frosty my friends.
Trade closed: target reached
Seatbelt seemed to work on this trade idea. Lets see where this takes us. 2.3 % bagged. Things are about to get bumpy from the looks of it.
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