ImpactDLT
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BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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Set your stop losses now.
If we break out of triangle, great!
If this rally does not hold up, I believe we might break lower resistance around 6200. Especially when the SEC delays the ETF again (which is what I am expecting).
Good luck be safe.
Comment: A break into 7k range would put us into sideways action from 6-10k till at least EOY depending on ETF.
If it doesn't break into the 7k range, I expect downtrend into support at 6k.
I am hoping a break into the resistance at 7k but I've got my stop losses set just in case.
Comment: Now the question is will the support at 6k hold up?
What are you talking about - it was delayed yesterday until the 29th of December!

Totally overlooked the fact that numerous shorts are underwater - the squeeze is going to get very bloody.
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ImpactDLT SuperShibe
@SuperShibe, Thanks for that info, I overlooked that.
I still think we are going down before going sideways.
It's all a question of is next six months in the 4k to 6k range or 6k to 8k range.
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tradeking888 SuperShibe
@SuperShibe, source ?
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ImpactDLT tradeking888
@tradeking888, @supershibe I can't find an actual source that shows the date that this was delayed to.
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tradeking888 ImpactDLT
@ImpactDLT, agreed or atleast a credible one.
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ImpactDLT tradeking888
@tradeking888, Here's some info:
https://bitcoinist.com/bitcoin-etf-delayed-comments/
"Prospective commenters have 21 days respond after the SEC’s order is registered, and those offering a rebuttal have 35."
35 Days at minimum puts it around end of October?
Either way they can still delay until approx Feb/March of 2019.
My opinion is that they will gather comments and delay again till 2019. The clout surrounding the largest crypto/bitcoin exchanges by volume is still extremely obscure. A majority of volume is transacted in regulatory grey areas.
But time will tell.
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tradeking888 ImpactDLT
@ImpactDLT, appreaciate the info. thnx
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wolfgang95 SuperShibe
@SuperShibe, shorts closed already without any pump. Like last time till 7.4k when all shorts closed. Do stay in ur wet dreams of short squeeze
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