Short

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Bitcoin - Beginning of a bearish trend (short)

Bitcoin has been climbing for a long time now on declining volume but massive increase of price. MACD daily shows we have long way down and my target point for this bear run is 3500 USD.

Transaction en cours

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I have very strong feeling we have topped, no more new ath's. There will be a very big dump somewhere in the future, it will be massive and fast.

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If we follow these fibs circles in my main chart, then there is lots of vertical "free fall space" from D to E, thus fast movement. I will be doing an update later this day, we could enter a 2-3 year bearmarket from this point on.

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For now 3500-3600 is still my target point. We should get support at these levels.

Transaction en cours

The great fall to 3600 could be today or tomorrow.

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Transaction en cours

Congratz everybody who shorted with me from the top, we almost hit our 3600 TP. Closing now is an option to short again higher, we could even go lower than 3600 longterm so its up to you to hold or not.

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Massive sell off in China, from 26000 to 19800

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3325 should be our ideal entry point to long the bounce.

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My entry zone is ranging from 3475 to 3325 and entries are spread to minimize loss.

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3325 HIT, still possible to go as low as 3200. BUT this is where I will buy for good bounce up.

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This chart should be taken lightly, the wigs could be too far down or up so the average should be our main guide. This segment is an overlay of 2013, how the bubble at that time broke down. What is important is that these structures follow certain ratios and that these are generally repeat in nature. I put the dates in the chart so you can get in indication how long this potentially will take and where we might go up. Save it somewhere, it will be useful!

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We broke down 3200, support should act at 2850 USD

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I think if 3000 holds as a floor we can swing back to 3600.

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AMAZING SWING from 3000 straight to 3666! SHORT for now

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Didn't meant to post this, but its fine anyways. I think 1H MACD and Stoch RSI say overbought. Looks like we are breaking down of this narrowly raising wedge

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Strongly advised to close any long now and wait till 1H bottoms.

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Bounce time!

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We hit above target. Continuation from hourly bearish can continue now.

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Here we go! More down, and fast.

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Going straight to our target! Panic selling :)

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The rumour is that china will ban all foreign exchanges and will blacklist those even for VPN not accessible.

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Overall BTC is looking bearish. We get hardfork in november, huge volatility swings at the moment and uncertainty in china which is a large contributor to trading volume and price.

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Seeing a somewhat similar structure here.

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Bitcoin retracing at the moment upward

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cointelegraph.com/news/rumors-or-facts-china-reportedly-moves-to-block-access-to-all-major-bitcoin-exchanges

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Downward indication

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Today or tomorrow will again be an interesting day, we either break down here or go more up. Expect volatility.

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A strong bullish wave can be present. Breaking out of downtrend likely.

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Target 3705 USD

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This could be the big bulltrap we are waiting for or point B of major ABC. The ultimate target of this is 4080. Closing any shorts around this level is advised since trading range is very narrow and can break down easily followed with a major dump.

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Rebuy zone at 3670-3720

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I will be making a new chart, to keep it clean. The downtrend served it service so far and we did create a doji at (E), which means we are up for a small retrement upwards.

Trade fermée manuellement

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Good small bounce at point E. Check out my new chart!

TheTrex

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TheTrex

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