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CryptoAlper
Mar 31, 2018 11:38 AM

If bearish flag confirmed, it might bring us down to 5760$ Short

BITFINEX:BTCUSD60
Bitcoin / DollarBitfinex

Description

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Is seems like a bearish flag is being formed, if confirmed it might us bring down to 5760$

Will this be the bottom?

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A new ABC might just have been finished

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wave 3 is playing out

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wave 4' turn now. If we break the channel, the bearish flag might confirm

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wave 5 of 5 is playing out

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wave 5 of is completed.

Trend AnalysisHarmonic PatternsChart PatternsBTCUSDBTCBTCUSDTBitcoin (Cryptocurrency)
Comments
JamesKwan
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yea u were right, it hit my stop loss =[

where do you think a reversal will happen?
CryptoAlper
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@JamesKwan, :) thanks James. I expect a little bounce up to 6850-7000$ and then back down to 5850$, but I'm not a financial advisor :)
ShaheenFahmy
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I like your idea! Made a similar observation.

blacksea00
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The herd is ath on shorts, last time ath on shorts btc run to 20k, till yesterday it was ath on longs.
CryptoAlper
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@blacksea00, that isn't really a reliable indicator I think
JamesKwan
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cheaper btcs is also welcomed ;)

good luck
CryptoAlper
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@JamesKwan, thanks James, same to you ;)
JamesKwan
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o well i bought mine at 6800 already, i'll just put stoploss just in case
CryptoAlper
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@JamesKwan, nice move. I changed to short again at 7100$. Cheers
JamesKwan
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wave patterns? oversold? good volume buy and sell?
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