Bitcoin may not be the leading group
BTCUSD - Relative weakness to be confirmed from a breakdown of 1- Month symmetrical triangle pattern (via $ProShares Ultra Short Bitcoin ETF(SBIT)$ $ProShares Short Bitcoin ETF(BITI)$)
Similar idea to $T-Rex 2X Inverse MSTR Daily Target ETF(MSTZ)$ $Defiance Daily Target 2X Short MSTR ETF(SMST)$ shared yesterday. May give this trade a miss if it breakdown during the weekend
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I would trade it long if the triangle ends up resolving to the upside, but only if opportunity allows. when there is a showcase of relative weakness in a group, there'll also be a showcase of relative strength in various other groups.
Bitcoin may not be the leading group since it'll require time to trade towards the upside of the triangle. by then, you may already have your portfolio filled without capital excess to take bitcoin long idea
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