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Short

The "please don't hate me" BTC bear case

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Ok, I have been keeping this chart to myself for a few weeks now, in fear of hatred for posting it. I think I can show it now, but I'd like to point out that there is no guarantee this is going to happen! I have been wrong in almost all my prior charts, so please don't hate me, I'm most probably wrong this time also. The count makes sense to me though. Volume is declining, just like usual for a triangle. It really behaves like big bearish triangle, and breaking down would be the natural thing to do. Fortunately, BTC has been rather unnatural more often than not lately, so there is also a good chance that the usual suspects (whales, manipulators, etc...) step in and save the day.

Comments

It looks like we could be at #4 right now and getting ready for final dump to #5.
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Why should we hate you? People post lots of BS, doesn't mean we have to hate them ;) I think that if BTC goes down a bit further, it'll eventually reach the support you draw with the trendlines, so in the next days it could be around 7100. If it breaks the support, we'll be happy to BTFD between 6500 and 6300, worst case at 6k.
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