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paskalien
Jul 28, 2019 12:49 PM

Price of #bitcoin downwards from here? #btc $btc Short

Bitcoin / United States DollarCoinbase

Description

After fomoing on to long position earlier and didn't have enough patience to wait for a proper close and observe further, I'm sticking to my original idea of price continue going downwards and we are on a bear trend. It could be that from here we won't even see the price overlapping the body of the candle in wave #1, which is sub 9700. So far after the nuke, there hasn't been significant anything telling otherwise except this slowly grind. If this channel breaks down, there is the earlier area of 9100 where the price reacted strong last time, maybe this time also there will be some sort of spike up but back inside of the channel? We'll see. When and if the drop occurs, the bounce from there wherever the bottom of the drop is, will meet couple of crucial resistances on a way back up, which are, the bottom of the channel we are holding now and a trend line consisting of these three earlier attempts where price got turned down. Third one for this is the moment of my earlier fomo. Interesting times, not too boring with this asset.
Comments
supergoh
Well done! Both your 91xx target and 97xx target have been met.
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