A closer look to my bet

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18 days ago I wrote a post explaining "my bet" about what I thought the Bitcoin price was going to do short term.
I draw the yellow line in my Tradingview chart:

The thesis is that the $30,000 level will be a hard level to break, and at some point the market will feel exhausted of this bear market. This will be the moment of MAXIMUM pain that I've been waiting for the last 6-7 months.

If this ever happens, this will be the LAST CHANCE to buy cheap Bitcoin before the takeoff.

At the moment Bitcoin was trading at $26,300, it touched $28,600 and now is trading at $26,900.
It looks like it has followed exactly my pattern. It's probably luck, I'm not that good at short term price analysis and TA.

However I will be following the price evolution closely, ready to pull the trigger if we get lower.

Enjoy your weekend!

Posted Using InLeo Alpha

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