BTC goin' down for now

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
800 9 9
BTC             aims to reach a new low, as we can see from the exhaustion in the upward moves.
Downward momentum is stronger and will take us down to a harmonic support area .
My target is at least 540 usd in the near-short term. We will get plenty of chances to go long in time. ;)
You were saying guys? cough 545 cough
See below.
+2 Reply
IvanLabrie PRO MoonTrader
People get emotional with btc bearish charts for some reason. If you see those charts above, it's clear the trend didn't reverse and the big picture is still below the 300 ma in 4h chart, and the 1w chart is bearish as well. This is not a trade, but a prediction. I'm currently trading alts, but will revert to btcusd and others soon.
MoonTrader IvanLabrie
Pfft. You can't draw a trendline against the CURRENT price... next stop is 600.
+2 Reply
IvanLabrie PRO MoonTrader
Not gonna argue...I think it'll go down, you don't. Margin calls don't care xD
-1 Reply
Justice IvanLabrie
Where is your stop loss if it goes up? Where do you get margin called? It would be interesting to see how it works out for you...
flibbr PRO Justice
I think people always quicker to cut BTC losses faster than they cut USD losses.
Apparently not...
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