Down to 5180 bitfinex then bounce to 7235 Short

Bitcoin / DollarBitfinex

Description

⋅ Aug 18, 2018 5:21 AM

According to fib lines and precedents, it seems we're going down to 5180 Bitfinex, then bounce to 7235, before heading back down.

Trend Analysis Chart Patterns

Comments

Kaizer1

⋅ Aug 18, 2018 7:04 PM

Completely agree with you, massive support at the bottom trendline + 0.786 fib.

JohnnyBeBull

⋅ Aug 21, 2018 12:15 AM

@Kaizer1, Nice, thanks for sharing your chart!

mhfcrypto

⋅ Aug 18, 2018 6:46 AM

Thanks. Do you think we're going down starting now? Or do you think we've still have to go up to circa $6657?

We've touched $6615.... good enough?

Thanks :-)

JohnnyBeBull

⋅ Aug 18, 2018 1:48 PM

@mhfcrypto, I don't think we're going above the latest high again, but we can never know 100%.