BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
turning bearish candle
Nice, I have seen the candle. How far down do you think we will go?
Reply
GordonGekko33 EatCrypto
@EatCrypto, it think
8900
8300
7500
+2 Reply
EatCrypto GordonGekko33
@GordonGekko33, I agree.
I think at the very least, we will retest the long-term trendline at 8900
Red line in my analysis below
+1 Reply
GordonGekko33 EatCrypto
@EatCrypto, i put that line yesterday out.for me that trendline broke
Reply
EatCrypto GordonGekko33
@GordonGekko33, I see your point. Price went deep under the trendline. However, my reasoning was that since the hammer opened and closed above the trendline, it did not break. Is my reasoning wrong?
Reply
GordonGekko33 EatCrypto
@EatCrypto, its like a virgin girl hehe
Reply
EatCrypto GordonGekko33
@GordonGekko33, hahaha you win!
+1 Reply
GordonGekko33 EatCrypto
@EatCrypto, where is next stop?7500?
Reply
EatCrypto GordonGekko33
@GordonGekko33, I agree. I expect 7500 - 7300 area once it breaks the support at the 7900 hammer

https://www.tradingview.com/chart/igea42AP/
+1 Reply
GordonGekko33 EatCrypto
@EatCrypto, will it hold?still lookin weak
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