gastaum
Short

BTC is going to bottom!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Btc clearly performed a double top pattern and is looking for it bottom. This is something obvious. But, what will be the floor of the BTC? Here comes a mixture of patterns to try to find out.

I didn´t post on this chart, but BTC is in an eliot flat (3-3-5), simple or expanded patch. https://pbs.twimg.com/media/DZF-GS4W0AA4bJY.jpg:large

https://pbs.twimg.com/media/DZF8uqzXcAABjJh.jpg:large


So, by this standard we can say that BTC will drop more than the last bottom of 6,900 before show any chance of recovery.
I think the coin will test the 5,976 soon. Is this a good starting point for finding a new entry point, short or long.
Here some types of operations:
Some Days: (2 or 3 days)
Short entries : 8,000 to 8,100.
short profits: 6,900 to 5,976.8

Some hours: (2 to 6h)
Short entries : 8,000 to 8,100.
Short profits: 7,200 to 7,300

Some Days to weeks: ( buying at the bottom!)
Long entries: 4,000 to 5,976.8
long profits: 11,200 to 12,000

Long is at hours is a little dangerous because we will be against the trend.
Some hours: (2 to 6h)
Long entries: 7,260 to 7,300
Long profits: 7,800 to 8,000

*Always calculate stop loss to your operations.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out