As I stated in my last published idea, Bitcoin is falling and falling fast. Please put your pride aside and make money will you can while the market continues to tank before the regulators come in. WE ARE IN A BEAR MARKET! Let us not keep falling for the moon reversal that Bitcoin keeps fooling us with!
Now, with that said- lets get down to the numbers
Simply put, check out the dark red channel that will serve as the red carpet arrival to Bitcoins $5400 mark.
WARNING;;; there is a heavy chance that we will see some form of resistance at these places:
- $6000 mark-
-$5900 mark-
- $5780 mark-
All 3 of these marks (marked in orange on the chart) stand as one of the swings that formed a resistance to the price continuing its progression within this bear market.
+++PLEASE do not fall for the bear trap at these reversal levels+++
In closing, (HERE IS A LITTLE BACKGROUND) ::: I want you guys to know that I am an avid believer in the bright future of cryptocurrency. I was once a proud "HODLER" myself until I couldn't take checking my blockfolio every two days to see another 2k down the drain. Just like you I was convinced that, "you don't take a loss until you sell" - which is true. However, I have been shorting the market since the 7.8k mark and have made my losses back plus a healthy amount on the side. With this large amount of extra money in my trading account, I can now buy back the market once the regulators come- until then... I will be collecting and hope you guys decide to as well.
Now, with that said- lets get down to the numbers
Simply put, check out the dark red channel that will serve as the red carpet arrival to Bitcoins $5400 mark.
WARNING;;; there is a heavy chance that we will see some form of resistance at these places:
- $6000 mark-
-$5900 mark-
- $5780 mark-
All 3 of these marks (marked in orange on the chart) stand as one of the swings that formed a resistance to the price continuing its progression within this bear market.
+++PLEASE do not fall for the bear trap at these reversal levels+++
In closing, (HERE IS A LITTLE BACKGROUND) ::: I want you guys to know that I am an avid believer in the bright future of cryptocurrency. I was once a proud "HODLER" myself until I couldn't take checking my blockfolio every two days to see another 2k down the drain. Just like you I was convinced that, "you don't take a loss until you sell" - which is true. However, I have been shorting the market since the 7.8k mark and have made my losses back plus a healthy amount on the side. With this large amount of extra money in my trading account, I can now buy back the market once the regulators come- until then... I will be collecting and hope you guys decide to as well.