mycotoxin

BTC - Bear Trap , This sucker is bouncing soon

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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8
BTC - Bear Trap , This sucker is bouncing soon
Comment: The drop distance is targeting 5200 - But this drop is broken if BTC can move past 6300.
Successfully moving past 6300 puts on the path to 7900 - but it needs buying volume .
If BTC drops to 4k its going to move to 1.2k so this is not a great idea

Comment: BTC - Incoming short term move , targeting 5800 or 6500.

Comments

I'm actually seeing a larger bullish wedge, which can take the price all the way up to 15000-18000 area.
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Exactly my thought! Just trapped those shorting below 6000. Time to push up to 6800.
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How high the bounce you reckon?
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AHAHAHAHAHAHAHHAHAHAHAHA. See you at 4.1k sucka. I'll be sitting back, drinking a beer, funding my next vacation on this beautiful short down to 4.1k ;)

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ultranemesys Cryptogrithm
@MienTommy, First intersection on July 1st --> 5.5/5.6K
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mycotoxin Cryptogrithm
@MienTommy, if it gets to 4k , its going to hit 1.2k , so plenty of time to still eject if needed.
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