TradingView
CryptoJulio
Jan 30, 2018 5:58 PM

Waiting for the great escape Short

Bitcoin / United States DollarCoinbase

Description

Lest have a global look at the recent bitcoin adventure:

1) Bitcoin parabolic rush, each time with a greater angle of slope
2) Then reached the famous 20k$, and get trapped in a giant rising wedge
3) Beginning of the bearish time, with btc each time declining with lower angle of support (just broke this afternoon)
4) I see a strong support around 7500$
5) Winter will be long, so don't expect crazy moves until BTC recover around march/april I think

Stay in USDT or prepare some fresh cash for the next big 2018 waves ! This year will be huge for sure ! But first let's feed the bear while we train our bulls ! :D

Comments and opinions are most welcomed guys !
Comments
Blitztrader20
Awesome analysis
CryptoJulio
@Blitztrader20, thanks bro :)
More