bbrox
Short

272 OTE ST SHORT SELL ZONE, Targets: 247-258

BITFINEX:BTCUSD   Bitcoin / Dollar
As many of you bears and bulls know, we are extending our luck here, by touching the upper extended outer bull channel line from the summer, where the up-run started (some prematurely label it as grand-trend reversal, but I would like to see a higher high beyond $320 first).

This is the optimal short zell entry zone in my opinion and many of us expect the Crypto Lead Currency to retrace down to $258 on Stamp/Finex or ¥1650 on Huobi/OKC; or even lower to $247 at the lower end of the Bull up-run trend channel, as it did in September 2015.

Good luck trading and take care!
freeone
a year ago
typical permabear !
Reply
bbrox freeone
a year ago
A retrace in the bull trend channel is labelled as bear nowadays, interesting. Last time I checked a retrace inside a bull channel is still a bull trend.

http://cdn.meme.am/instances/500x/45909913.jpg
Reply
freeone bbrox
a year ago
A retrace to 247 would be close to 100% retrace!
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