4d • Charts
Anyone catch the discharge?
Yup, BTC did break down. It ranged up a little bit more before it did but then it lost support and had a 2.34% drop. If one had placed a short with a stop loss above the fib with 10x leverage that would have been a 23% move.
When a chart is at support on a trend line it is a great time to either setup a position for a long if the larger timeframe trend is in an uptrend or a short if it is in a down trend. In this case if one was to zoom out on BTC they would see it is in a larger timeframe downtred
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Anyone catch the discharge?
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