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Vold316
May 26, 2018 4:42 PM

Bitcoin - Athmospheric entry. Short

Bitcoin Liquid IndexBrave New Coin

Description

Bitcoin is still falling and it will take it a few more months to hit the ground. Let's try to catch the incoming knives, and buy some lambos in a few years.

Comment

Be very careful trying to catch a bounce around here. There is an RSI bullish divergence in the daily and 4h and it looks like a bull flag in the 4h, but in the other hand we have a strong downtrend in the weekly chart. If it breaks up It could get to 7.5k, but if it moves down to 5k area again it's going to fall hard, so be careful.
Based on TD setup, weekly, there will be a 9 next week, and if it breaks down to 4k late this week or early next week, it could mean that it will give us a very good opportunity to catch a pretty good bounce.

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