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nagihatoum
May 24, 2020 12:14 PM

BTC zoom out Short

Bitcoin / TetherUSBinance

Description

I was too concentrated on the low time frame and thought the 15 min triangle will work out. But zooming out to the weekly, we can see we are closing the week inside the same cloud that price dropped out on March 11th. I anticipate at least a test of the cloud support in the following week.
Comments
AJFG
Looks like i'm not the only one having a weird February deja vu. Nicely done, sir !
tvmay3americanvets
The march dip wouldnt have happened so much if it wasn't for the covid panic and stock market selloff
nagihatoum
@tvmay3americanvets, the only thing that covid did is bring the dump earlier by 2 months, my TA showed this dump but in May
nagihatoum
AJFG
@tvmay3americanvets, That's why it can still happen again. The hope rally won't last forever. And Covid isn't going away anytime soon.
nagihatoum
@AJFG, well i solely rely on TA to know what will happen. We cannot have a bull run at this price at this time, it distorts the longterm behavior of BTC,


ProjectSyndicate
well done, this is great.
nagihatoum
@ProjectSyndicate, thank you very much.
JoeR66
He's back... thats what i expect from you.... good job...
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