BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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We all know that the 200 weekly SMA is very important. It has never been broken in so many years (The yellow line shown in image below)



As I mentioned in the previous post. BTC has to touch this line again as the support.



So, here is what I see how BTC is going to roll in the next few weeks. First, it is going to form the descending triangle to make people think that it will go down. ( See image below.)



Then, it goes up to stop all of SL and form the ascending triangle to make all the moon boys think it starts to go up. ( See image below).



After that, it will have a huge drop to take all SL of long positions from 9.5K to 4.5K. This huge move down will hurt a lot of bulls.

+++ WELL, IF THIS DOES NOT WORK OUT, THEN WE WILL SEE IT AT 20K IN THE END OF 2019 :) +++

Protect your money and control your risk. Good luck!

***Disclaimer: This is a technical analysis not a financial advice.
Sep 11
Comment: BTC has closed below the 100 daily SMA. This is a signal to short.

Sep 17
Comment: BTC is doing a stone skimming now. If you know what I mean. Eventually, it will break the 10K support and go significant lower.
Sep 27
Comment: 2 stop losses are out. 2 more to go.
Sep 30
Comment:
Sep 30
Comment:
Sep 30
Comment:
Oct 07
Comment:
Oct 09
Comment: It comes very close to stop out the SL 7.5K and 7K. We still have 2 more weeks. Let's see how it plays out.
Nov 08
Comment:
Nov 10
Comment:
Nov 18
Comment: New bottom in 2020
Nov 19
Comment:
I am SHORT now. =D
+1 Reply
PinkCryptoVN mightytrader
@mightytrader, I go long now.
+1 Reply
mightytrader PinkCryptoVN
@PinkCryptoVN, Hmmmm... You should have went long at $7,600-$7,700 several hours ago. But the problem is, you would have had to think quick!
+1 Reply
PinkCryptoVN mightytrader
@mightytrader, No worry. I will short it at 8.8k and wait to go long again when it comes back down to 7.1k-7.4k. From that, I will be long until 9.3K.
+1 Reply
mightytrader PinkCryptoVN
@PinkCryptoVN, Wow, you really know how to play the lottery... Picking all these magical numbers and sequences of events. LOLOL! =D And I am trying to short now, btw.
+1 Reply
PinkCryptoVN mightytrader
@mightytrader, Not yet. I am waiting for 50% fib to short.
Reply
PinkCryptoVN mightytrader
@mightytrader, Sorry that I didn't respond to this. Yes, I went long from 7.7K when I saw the divergence in daily chart.
+1 Reply
mightytrader PinkCryptoVN
@PinkCryptoVN, Sorry for what? My original post on Sept. 14th?
+1 Reply
PinkCryptoVN mightytrader
@mightytrader, My bad. :)
+1 Reply
I changed my mind. I think you are right and it can definitely go to $4.7k. I closed my position with a small profit. The Whales are playing mindgames with me. LOL!! :D

This Bitcoin game is a joke. Especially you see what happened on Kraken today? LOL!! $8k and $12k EXACTLY.
+1 Reply
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