Bitcoin (D) has had an amazing run within this channel since finding its bottom during 2015 sideways – and given what happened way back in 2013 it can actually break up from this channel and go parabolic once again. I would not open a new long term long and walk away from it here though.
If you're in a long term long I'd take off half or 1/3 right now or pretty soon and see. Taking any new longer term position (long or short) right now seems like a gamble.
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