Bitcoin: Ideal Crash Scenario :)

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
219 0

In a perfect world, this is what will happen next:

You will ignore current price action around 8300. You will also ignore patterns and Elliot waves and whatnot, and you most certainly ignore all social media channels - you just watch the price action unfold and wait calmly to buy in at support of our trading range (7200 - 7700 zone) and then short again at current resistance (8500 - 9000 zone) as soon as you get a nice reversal signal - and you will short this baby all the way down to 6000.
There, everyone and their mother expect reversal, so of course, you too will take some profit, but you don't go long yet because you're smart: You will wait patiently for the bull trap to play out. You might take a walk or read a book or have a glass of wine with a friend. Then, you can happily ride the final push down to 5000 (on the way, all those longs will get liquidated and all those panic sellers jump ship because Bitcoin , again, will "go to zero") where you can load your bags and enjoy the ride back up.
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