AlphonsoElliottJr.
Short

Mama Bear had too much Red Bull last night...

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I thought it was all a dream.. I was so drunk on selling, I had a Bitcoin hangover when I woke up. HAHA! Bitcoin takes a major dive under $7000. While many people anticipated Bitcoin going up to the moon from here, like 99%... The 1% of the population was selling Bitcoin . I hope it clicks about the 99% and the Top 1%. Doing my hefty candlestick analysis and market psychology on Bitcoin beginning Sept.1 has just begun. In order for the bull to take over, he must close over the monthly candle strong. Otherwise we are heading south. Check out earlier ideas to see how I was doing my analysis. Pure candlestick first, then I add technicals. A toast to Bitcoin for heading down so we can all save up our coins and be rich in the future. Bitcoin for $2500 or better yet $1100 ( Alex from Jeopardy)

Comments

The dump was pretty much bound to happen, I mean, there was a clear bearish divergence on the 4H RSI, and the daily stochastic RSI was overbought for more than 14 candles! And yet... people were still bullish even though these "unreliable" indicators were screaming 'sell'!
Reply
@MRudy, Yup.
+1 Reply
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