BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
206 1
What do you think?
Will BTC within the next 2-3 weeks climb again and left the downtrend pattern (purple line) and follow a new sideway or do you think it goes down again (black line)?

My personal prediction is down again.

Tell me what do you think and why?
Pure TA shows all scenarios possible - 1) bearish sentiment; 2) sideways; 3) slight bullish sentiment. But there is a lot more than pure TA. The Great Whales strategy must be counter TA in order to maximize profits. The tactics should be as follows:
1. Push the market slowly up to 9200-9300. After it breaks this level, it will have own momentum to reach 10000.
2. When all TA analysts confirm bullish sentiment, SHORT and take profits! Short slightly along the waves and short strong at support levels. Once price reaches 7400-7200 stop shorting. The momentum will take the price down to 4800-5400.
3. Buy at bottom and maximize profit.
I see this as the most logical Great Whales scenario.
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