This is two drops one will be to 9100 and the other to 8900 for BITFINEX:BTCUSD by mycotoxin

This is actually two drops one will be to 9100 and the other to 8900

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next dip in 3 minutes

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Then another in 1:50 minutes the second one will occur

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oops ! the above should say in another 1 hour and 48 minutes the second dump will occur

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here comes the current dump

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I could be wrong but im sure should stop at 9100 -if not then 8900

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Trend change incoming !

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Could be up or down and will show itself in 7 minutes

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looks to be a "triple doji spinning top showdown" indicating a big movement up or down

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The drop distance is 9100 or 9160 if it drops

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correction it should stop at 9030 if it drops

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Dont quote me on this but this may be a bear trap as the fall distance is 9030 .

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The reason i suspect a bear trap is because BTC already hit 91xx or close to to 90xx today .So if it falls this will make a double bottom and should reverse it back up .
This would make therefore make this current fall a fake move.

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BUT
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BTC does not do double bottoms so if it does fall to 9100 it will be a temporary move for few hours then down again to the 89xx area.

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If BTC is dropping 9500 will be the spot it will fail

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But i suspect BTC will pass 9500 and the double top at 9845 will be the point of failure

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Trend change coming up yet again , but im sure its for an upward movement ...mmmh

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walking the line
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what bothers me is what will the 4 hour candle do when it closes in 48 minutes. This is bearish looking candle

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stay above the blue line

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worst case drop 90xx

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this may hit at the same time as the 4 hour candle in a few minutes

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4 hour candle closes in 30 seconds .

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looking like it will drop

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going to hell

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there's still the backup blue line - if it does not cross this line BTC can continue up

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if this holds this may it for a while and BTC can focus on 9500 and the double top at 9845. if it falls its 9100 again

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BTC is being tricky but we know it can only go to 90xx so its not going to fake us out .

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i see the issue- BTC cannot climb back inside the triangle , it came up and hit the bottom and fell back , it should make another attempt at this edge again at 9380

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better view with the 3 min candle

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BTC needs to break into the triangle at 9380 .

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BTC should hit the edge of the triangle at around 9404 - I hope the bull breaks past it and smashes that wall .

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BTC hit a double top on the 3 min that can drop it 929x , either way BTC is still gong to test the edge of that triangle;

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BTC is through that wall and past that triangle !

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next target BTC is approaching this triangle and needs a good smashing of this wall at 9580.
First it needs to completely wrap up the double top business at 9440 then take on the triangles wall at 9580

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The current action is being played on the 15 minute candle ., its signaled a possible 45 minute pull back which can take BTC to 92xx ,

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zooming into the 15 min graph above shows it not a double top but a triple top .
....But BTC knows Kung-Fu so I have a lot of faith in the bull getting past this pesky triple top.

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trend change incoming

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This is a tricky one because though the 1 hour and 30 min show red candles they are actually bullish so something smells "Fakish -dropish" here

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Either way there's that escape route at 90xx which will turn into a double bottom if things go south and allow a quick escape

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where is BTCs location ?

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This triangle is an Ascending triple top triangle - this is a continuation pattern so
it could drop tp 90xx at some point

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trend change

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getting seasick from all this volatility

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just got a text message from BTC to check the daily for a hidden message .
Hidden amongst the dead candles is bear flag letting us know at some point in the next few days / weeks we will see BTC hit 4k.

Thanks BTC for the heads up...now back to batte.

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I just noticed that's 3 black crows on the daily candle , why would anyone want to mess with these fellas ?

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Now listen up peeps ! i don't know when its going to hit but there's a drop to 8900 in there somewhere scheduled for sometime soon . I suspect it will be today or tomorrow. Capitalise on this by setting some buy orders for 8900 and leave them there for a day or two . No harm in picking up extra BTC at affordable prices .

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Remember i did warn you that there's also a 4k drop scheduled in a few days or weeks so no complaining when it hits ..don't say I didn't mention it.

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Why would BTC run this move twice ? I just don't get it

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Just need to make it past 9500

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Not trading advice but it's a great idea to buy from here on down. Can go to 88 or 87 , but whats 299 dollars between friends ? Scoop it up and ride it back up

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....And this should conclude today's dumps. Thank you and have a nice evening

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This dump should only go 8900, but tune in tomorrow at the same time for the Friday special as there may be one of two more dumps left to conclude this series. .

Trade closed manually

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Not trading advice , but I would not pick up any ALTS. This is BTCS time.
Its not ALT time yet.

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Once BTC takes off the ALTS will drop like hot cheese on a stove.
We can always buy the ALTs back cheaper as BTC will rise and they will fall .

i'm not saying sell your ALTS, im saying this is now BTCS time to be readied for the coming market Bull Run so the drops are normal and expected. The lower BTC drops the higher BTC will go so embrace the drops.

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How do i know we will go lower . Because BTC skipped two movements during the climb up .
The first one was on Feb 6th when BTC skipped the 4k and 6 k drops at the graph below.

Someting odd about current BTC movement, theres a drop missing

and the second was on Feb 14th when BTC skipped the 89xx and 88xx drops at the graph below.

But BTC does not forget it just waits and comes back later to complete the missed drops .

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BTC has started construction on a new flag , it still barely formed ( just the scaffolding ) but it looks like it will have a minimum drop to 8500. This may be tomorrow drops in progress .
Will have to keep en eye on this fellow to make sure no safety construction codes are violated

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