AndrewDavis5
Long

We may have reached my target 1 already -$11,000-11,200 next

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
188 1 5
We may have reached my target 1 already. Look for break out of the orange channel as confirmation of uptrend to $11,000-11,200 range.
Comment: Bitcoin's price was following the path I laid out very nicely, until that sudden, unpredictable massive dump/crash. Unfortunately, these random events cannot be predicted with TA.
Likely caused by a Binance Hack and/or massive Whale(s) dumping/coordinated event.

https://www.trustnodes.com/2018/03/07/binance-temporarily-disables-withdrawals-reports-unauthorized-selling

https://www.bloomberg.com/news/articles/2018-03-07/bitcoin-s-tokyo-whale-sold-400-million-and-he-s-not-done-yet

Comment: At this point (4hr chart) Bitcoin has formed a Double Top and Double Bottom.
The price could break in either direction, so we have to wait and watch.
However, I'm leaning towards it breaking upward.
It has reached a crucial support at $9600. My next support level is $8900. BTC

Comment: A Double Bottom can also be seen (on $9600 support line) to have formed after today's flash crash (15min scale).
Again, price could go either direction at this formation, but I learn towards upward movement. #Bitcoin $BTC

Comment: Bitcoin's price swung upward (which is the direction I was learning towards in my last call).
However, this current structure resembles a Bearish Flag, which could signal more downward movement. Let's observe if it will break below the yellow-line channel or not.

(Update, started breaking below while I was typing this)

Comment: Broke below just after I posted. My support range is between $9200 and $8800.
Comment:
i got the same count
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