DonjonCapital

Yikes! BTC to $4900?!? Short it?!?

Short
DonjonCapital Mis à jour   
BITFINEX:BTCUSD   Bitcoin
Another 'Magic Fibo' level hit, and therefore a profit target.

But.. $4900?! Sucks. This is the first bearish TA I think I've ever done on BTC, myself.

We'll have to see!

There should be some fierce support around $6460, the 61.8% retrace and volume profile POC.

IF BTC drops about this low, I'm buying a bunch, I know that..

I was late into this trade, so I'll be waiting for a retracement, but I believe I will take the short sell.

Shout out to Steve Gregor for his badass Fibonacci lessons.
Transaction en cours:
Still loving this look.

Price seems to have been stopped firmly at the 38.2% fib level.. I'm thinking this looks like an excellent place to re-enter this short!
Trade fermée: cible de profit atteinte:
A very scary wick probably messed up almost everybody's trade, but the target was crushed.

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