DrJLT

BTC guess for the next two weeks

Short
DrJLT Mis à jour   
BITFINEX:BTCUSD   Bitcoin
As charted, double top

Don't think .618 retracement will be reached at either stops
Commentaire:
fak, crashed earlier than I thought. Need to wait for a possible bounce and/or breakdown of 50D MA to enter a short position
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one possible play if we don't breakdown

(after E, crash)

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good pump, possibly will go above 8750

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Market is always somewhat unpredictable.

Thought last night after 8850 would go down, but didn't. I guess they really want to tap some bulls drop into this
Commentaire:
almost looks like bull market again

Commentaire:
was this a buy or sell?

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will we close below 50D MA?

Commentaire:
bitcoin failed to close below 50D


may have some bullish attempts; seems like the market is not decidedly bearish
Commentaire:
not comfortable with shorting now, even though it looks like it's going to drop immediately

I have a strange feeling that a real bull trap is in play:

close below 50D
fomo short (fishes)
pump to resistance
crazy short (whales)

Commentaire:
Indeed closed below 50d. Could bull trap soon

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