Bitcoin - New Low or Double Bottom !?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
What's up everyone, bitcoin is currently on the downtrend on it's last volume day of the week. The move might continue during the week end but if it does its gonna be with very small volume . The question now is are we going to double bottom at $7240 or keep going down? Well if we follow the general direction of the market we should be making a new low. The thing is there isn't much time left during so the new low (in my opinion) should logically be very small which leaves only a single level in my mind and that's $6950.

If you've taken my short trade entering at $8200 your target should still be $7250 as it's the safe bet.

Please like and follow if you agree!
Comment: Clarification: I don't think 6950 is the end of the downtrend, I'm only saying it's the next target. I still think BTC is going sub $4700
@Denzoss what are your thoughts on BTC and LTC for this weekend and into Monday? Will we get lower lows or is the bottom set?
If the market stay above 7400 it will go to 8400,,,
Amayzing. Hope we will have a bounce from here. My short targets where higher and I coulden't get in this trade. Hope I will have another chance to short. Before bulls come back
+1 Reply
If BTC goes to $4700 does that mean LTC goes to $70-$80ish?
+1 Reply
Denzoss CashFlowCrypto
@CashFlowCrypto, in theory yes
Incorrect. We're going to 3.5k in 14 days.
kash27 samiswilf
@samiswilf, that what your crystal ball says?
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