BITCOIN: The coming hours there will be some nice red candles.

The double top of yesterday broke down, although it did not go straight down to 240, we were able to take profit. Unfortunately that same pattern is not visible on the huobi charts, where there was a weird head and shoulder / triple top-ish pattern. Nevertheless, all charts where pointing down.

Today I use BTC / CNY on huobi for chart because it illustrates a perfect bearish wedge which is about to break, most likely to the downside. Time to stay alert, wait for the break down and open shorts with a very tight stop loss just above the lower trend line of the current wedge . When the break down occurs, it will be a FACT that we will visit 1540 support (which is about 245 USD, same target as called yesterday, it is still valid).

I think we will see some nice rebound after 245, so stay tuned as I will update as soon as the current targets are reached.

Good luck!
we will reach to 1540 cny in 24 hours and back to 1330cny in 3-4 days.
moker-X cryptochina
1330 reached much faster than expected.
it's 1449 now.
The panic totally blew through the 1543 :) ignoring everything
moker-X LastBattle
I was expecting this fall, but not this soon. Guess people woke up after taking so many hopium shots. It tells us alot regarding future price (more down, sooner rather than later)
+1 Reply
scenario 1 it is.
Do you think it will go lower as it hit 1529?
moker-X HaroonZareef
we are going way lower the coming days. please see my latest chart for more predictions regarding midterm price
Thanks. You're the man!!
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