CatoOzz33
Short

BTC - Going Further Down ? - Short Term Projection

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
This is an update to my previous BTC idea post. See the link below.

BTC has been having hard time to fully get into bullish mode. Seems like we formed a new downstream channel and will likely see more drop . There is a strong support at 10500 and 8500 level. It may take some time to drop to these levels. Be careful with your alt coin trades.

*** This is not a financial or investment advice. Trade at your own risk
Dec 30
Comment: Note that we are currently sailing in a highly dangerous zone - no trade zone. It is very dangerous to trade. Wait for the confirmations.
Dec 30
Comment: Current level (yellow box) seems to be a strong support, holding the price well so far.
It is not wise to go short at support levels and long at resistance levels.
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CatoOzz33 snakeat3r
@snakeat3r, True that. We are currently sailing in a highly dangerous zone - no trade zone. It is very dangerous to trade.
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