Gordonrmck

BTC/USD Short

Short
Gordonrmck Updated   
BITFINEX:BTCUSD   Bitcoin
This is another observation. Only a quick TA on the 1 Day chart for BTC
Comment:
There will be quite a few buy and sell opportunities in between now and the predicted drop. I'm forecasting that BTC may return to around 8,500 over the next 4 months.
I don't believe we will have a new ATH before then.
Please let me know what you think will happen in the comments.
Comment:
If you have BTC and are worried about the fall I wouldn't sell until it reaches 17,800 - 18,200.
Order cancelled
Trade active:

Ok. Sorry for all the comments. But, Down she goes
Comment:
If you have BTC and want to cash out. I recommend trying to sell around 16,300.
Up to you if you take my advice. I could be wrong. Here is the TA
Comment:
Price dropped lower than anticipated on the first wave so I have moved my sell position down.
Comment:
Bitcoin may return up to 17,500 area from here before the big drop.
Comment:
BTC Has made a series of inverted cup and handles as it progresses down. If it completes this head and shoulders I believe this will be a large drop to around 13,000 area.

I am noticing patterns and sharing my ideas to get feedback. Not as advice. Thanks for any tips you have.
Comment:
By BTC... See you at 13,500 to see how you're going
Comment:
Here are a few of the ways you can confirm a down trend. The rules are opposite for an uptrend.
Comment:
Head and shoulders have so far failed to complete and BTC may have found support
Comment:
I don't know how this isn't being pointed out by everyone at the moment.
BTC is due for a pull back to it's overall trend line between 8,000 and 9,000
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