The next big fall is underway

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Notes are above in the chart. What do you think? I still see people going LONG at this price range looking to break up through the Overall trend line (yellow).
Nice chart! Would like to relate it to a chart of mine, if I may :) very similar outcome forecasted
Bonavest PRO BTC_Daily.Pips
Ofcourse... that is what these Ideas are for. Get yo chart on!
+1 Reply
I agree. $95 / $130 to complete the correction from ath.
Quick long off of low 200s first?
Bonavest PRO rubenthin
The price point for that small bounce up will be at around $193 which is the Daily Pivot S3 Support Line. I plan on closing about 75% of my shorts and then maybe throw some LONGs in the mix for maybe a $10-$15 up swing...?
*Weekly Pivot S3
Yes, I think 193ish is the target for this wave down...what I'm unsure about is how any retraces can fit as they all need to stay under your yellow line, else we have a guess this means the retrace %s stay quite low until the real breakout?
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