TradingView
TehranCrypto
Oct 21, 2019 9:01 AM

Bitcoin: $5155 Short

Bitcoin / United States DollarCoinbase

Description

BTC - Bulkowski's Extended V-Top / Extended V-Top

Trade active

Price had a pullback to Extension Line Like 2018.

Trade active

Trade closed: target reached

Comment

$3128 is possible, let's see where it goes.
Comments
INFINITYWARS1
nice ! check the short to long ratio btw isnt it historically high ?
TehranCrypto
@INFINITYWARS1, maybe we are on the wave C, a massive dump is possible before halving unless we have FOMO + Manipulation like 2017. I think a descending triangle is possible on the monthly chart.
INFINITYWARS1
@TehranCrypto, I still think the bottom is not set yet despite the 50% pump in 2days, i dont think months of btc prices falling can just be reversed at set a new uptrend just like that. Retest of 7k to even as low as 5k is still on the cards . Shorts vs longs almost 5:1 .
INFINITYWARS1
what do you think after that?
TehranCrypto
@INFINITYWARS1, I think that it depends on the US stock exchange and the coronavirus crisis.
More