ChartArt

Time is running out. Last chance for the Bitcoin bulls

BITFINEX:BTCUSD   Bitcoin / Dollar
307 0 5
UPDATE: Last forecast won

New downtrend risk for Bitcoin

Final chance for a pullback. The BTC price is an oversold area on Sunday and could bounce back up on Monday. If the price doesn't go up again fast, then there is a huge risk that the Bitcoin price can flash crash down to 220 or much much lower, if the price drops below the lower red trend line.

LazyBear %B support/resistance indicator(1) shows that the price is below support (green crosses).

Long trade idea:
Entry: 235
Stop: 229
Target: 250

Short trade idea:
Entry: 240
Stop: 246
Target: 220

(1) https://www.tradingview.com/market/lb-srlevels/

P.S. A message for the perma bears:
"Speculation is most dangerous when it looks easiest." - Warren Buffett
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