CryptFreud

🥴

Short
CryptFreud Updated   
BITFINEX:BTCUSD   Bitcoin
Either this or we break out for 10.4
Comment:
we broke out of the channel but instead of going for a lower low we did a higher low. I still think we'll be going for the double top at the very least. Given halving fomo and everything I do think there's a possibility for a higher high at about 10.2-10.4 before we collapse
Comment:
Still on course. We broke 9073 with the previous high so next target is 9200-9260, an dafter this one 9440. Once again, if we maintain 9440 and don't break it it will be a good confirmation for the move down. Otherwise, 10400 is the next target
Comment:
I smell some fuckery... DT at 9400 achieved. Now lets see... CME is HEAVILY short (85%+). My question is this: it's a known fact that the majority always lose but does this apply to the guys from CME for example? If CME if 85% short and they actually know the move then we'll definitely see 11k. BUT if the Pareto principle applies to institutional investors as well then oh well...
Comment:
Hmmm... seems like Pareto principle also works with CME dummies :P

Okay so we broke the DT and now the next target is 10.5 and 11k. we still have 4 days until the halving. I think today and tomorrow we'll be reaching 10.4 and 11k, and then either 1-2 days BEFORE the halving or on the day of halving we will start going down.
Comment:
SETUP INVALIDATED LADIES AND GENTS! We lost the battle but we we will win the war :P

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.