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PonziTycoon
Aug 17, 2018 11:17 PM

History Repeats itself... Target $5400 

Bitcoin / DollarBitfinex

Description

The whales have pumped the alt coins to trap buyers in alts while bitcoin prepares to retest the $5900 support line again. I am betting it will fail and we will see a flash dump like in 2014 with $5400 as a conservative figure.

The 20 and 50 day moving average have crossed with the short term heading downwards. I have liquidated my alts that I purchased a few days ago.

Prepare to see a new version of blood in the streets.
Comments
theeverythingbubble
The rest of August could get ugly, bear flag forming, primed and ready for the next big leg down.
RayN3s
My thoughts exactly
If it walks like a duck
Talks like a duck
Its prolly a bull trap lol...
Ne07hekin6
Totally, meanwhile XRP was a good profit, but you are right IMO.
rusticrock
@Ne07hekin6, yup I bought back into xrp when it just dipped below .25 and have a stop loss to sell at .35, not a HUUUGE profit, but I'll take it
Ne07hekin6
@rusticrock, Its a great profit, well played!
mrandrewwill1891
I could not agree with you more. Even your target, I think we see 5200-5400 as the near term bottom. Alts are about to get rekt
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