The further the price drops, the closer to the end of the drop we are, and the riskier it is to open a short position.
The risk-return relationship begins to not pay off.
Despite all this bad news out there, I still see the sun shine and I still see children playing in the park...
The risk-return relationship begins to not pay off.
Despite all this bad news out there, I still see the sun shine and I still see children playing in the park...
To contribute to my work, I accept cryptocurrency and Paypal.
⚡Bitcoin Lightning Network: forwardocean64@walletofsatoshi.com
🟠Bitcoin: bc1qv0j28wjsg6l8fdkphkmgfz4f55xpph893q0pdh
🔵Paypal: www.paypal.com/donate/?hosted_button_id=96MNFFT9YR35S
⚡Bitcoin Lightning Network: forwardocean64@walletofsatoshi.com
🟠Bitcoin: bc1qv0j28wjsg6l8fdkphkmgfz4f55xpph893q0pdh
🔵Paypal: www.paypal.com/donate/?hosted_button_id=96MNFFT9YR35S
The question now is whether the price will go straight to the 50% retracement, or whether it will go back into the blank parallel channel.