Still Bearish!

8 בספט׳ 2018

A quick post to re-iterate my short outlook on BTC. We are clearly towards the end of a bearish descending triangle. Most everyone has pointed this out. Currently we are heading toward support (~5900 price level). It may, or may not, hold there. If it doesn't, consider getting out of BTC if you are currently long. If BTC breaks through (up) from this bearish descending triangle I will probably change my outlook on it to either neutral or long.