Brodie_MT

Get Ready To Sell

Short
BITSTAMP:BTCUSD   Bitcoin
Most traders I have been following seem to be bullish on Segwit Activation, and they are probably right that this is a very good thing for Bitcoin. With the overall bullish sentiment bordering on Euphoria, I am guessing that we are getting ready to make a push up to a new ATH (i think probably around $3700 - $3900) and just before Segwit activation a big dump down to the $2400 range (like we did previously with the ATH) slight climb back up then back down to the trend line at $2000 or maybe a little under. I think this will play out like a typical buy the rumor (SW signalling) sell the news (SW activation) trade which seems to be very common in the Cryptocurrency world. Let me know what you think, I am still just learning to chart so I welcome feedback and discussion. Good luck trading!

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