This_Guhy

You best start believing in BTC bear markets, Ms. Turner...

Short
KRAKEN:BTCUSD   Bitcoin
This is intermediate goal setting and as such this post will be shorter than others. It is all in the main chart: we have a triangle, it has a target from the break out and from there we should experience bounce or at least some consolidation before we proceed lower. This chart relies on my linked post below, so I shan't regurgitated what I have already posted. The bearish case has been well made and now we have a precise break out point we can make a call based on that break out. My call is based on the height of my triangle and it is confirmed by the VPRV. The potential bounce is also based on the VPVR but that almost disinteresting to me at this point. My reasoning for the target at ~1,200 is in the Gold and Bitcoin post linked below.

Of course my actual take profit will be a bit on the inside of the ultimate target and with my exchange, there is no guarantee that my target will be reached before I am timed out, I have 28 days for every margin position. The date of BAKKT deployment and the next halvening (exact date to be determined, there are various predictions) should be dates that suggest price movement.

As bitcoin gets buggered all the way down I am looking at pivoting to silver and gold. I am not a financial adviser, you do you. But I have my short with stop loss and I am very interested in this trade.

And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?

~Nathan Explosion
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