BrettduPreez
Short

Does history repeat itself?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Most probably testing the 9000 support first before going lower.
Purple line = 200 EMA
Line line = 50 Moving average
Comment: Comment: In the previous crossover, there was also a pull back towards the 200 EMA region (which I neglected to show in my analysis, however, I am not interested in normal volatility noise. The target aimed for is 6000 USD for now. What happens in between is too risky to trade on). Then came the sharp dump. Bitcoin has made its way halfway up the last shoulder of the inverse head and shoulders, giving hope to bulls. I would not be surprised if we start the drop within the next day candle. I am remaining short. Especially now...
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