BITCOIN BULLTRAP

Bubble is over, segwitx2 is noise, bitcoin just lived an epic short squeeze and has probably lured amazing amounts of overleveraged longs.
A retest of 1800 support will probably happen this summer. If broken 1200-1300 is sin sight and an ultimate support sub 1k could be visited in an epic bear trap/despair phase.
Be ready.
Trade safe and be careful, breaking ath with volume could lead to an other wave taking bitcoin to over 4k.

Comment:

BTC-e is down for 16 hours. Rumours of potential hack circulation, if proven true it could be a catalyst for our short.
Meanwhile this is how this analisys exported to bitstamp is looking like

Comment:

BTC-e still down for over 24h.
BTCUSD still above important support area (2367-2423) after testing it earlier this morning. Going to 2600 before breaking it is still possible.
Once below 2367 retest of 1840 critical support is almost guaranteed.

Comment:

Russian man got arrested in Greece for running a money laundering operation through bitcoin that involves over 4B usd.
Source: www.reuters.com/arti...arrest-idUSKBN1AB1OP

Could this be related to btc-e?

Comment:

The arrested russian man is related to the mt.gox and other notorious bitcoin thefts.
The coins have been laundered partly in BTC-e, and the downtime could be related to it.
See more here
blog.wizsec.jp/...en-mtgox-1.html?m=1

Meanwhile price has tested again the reversal area going as low as 2400

Drama in bitcoinland

Comment:

BTC-e is officially dead
www.fincen.gov/news/...ilitating-ransomware