Lord_Ashdrake
Long

BTC Tentative Movement prior to Dec 4th Auction

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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Counting the bars, it seems that the new highs will accelerate and things will happen on the 4th, The chart seems to be moving upwards right now just because there might be interest in having the auctioned coins being sold at a higher price.

Given these circumstances, its more likely that the price will go up rather than go down, not to mention the fact that we bounced 3 times on that horizontal bottom support line (the longer wicks don't really matter as the candle haven't closed with a full body candle)

Short term (next day I do expect some small retracements) but I think we're going to go parabolic once again. (GET YER SHORTS READY @ THE TOP)

PS: If you see @D_Seaman tweet or say something stupid like "this is gentlemen", or "recovery is coming" or "whatever" just short the living shit out of it. That my @D_seaman indicator
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