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luiggih
Dec 2, 2017 4:32 AM

BTC finally is heading down. Strong leg down ahead of us. Short

Bitcoin / U.S. dollarBitstamp

Description

This correction is turning out to be quite complex.
Prior targets remain achivable and potential lower lows are coming.

RSI is looking bearish, last pump has had no volume at all and bearish konkorde's cross is very relevant. Strong hands had taken their positions already and the dump is gonna become a reality now.

Last drop is in all media and as expected, this drop is affecting CME futures and public opinion. Stay tuned, time to dip again.

Good luck.

Comments
JelleD
I sold 30% at 9550. I’m bearish also because of daily/weekly/monthly 9s coming together
luiggih
@JelleD, long term still super bullish so win-win situation for you mate.
Enhancement321
$50,000 BTCUSD by the end of 2018.
DrewMorrow
What is a konkorde cross?
luiggih
@DrewMorrow, konkorde is an advanced indicator about strong hands and weak hands. Very interesting, check it out.
UnknownUnicorn1020621
Man, you might be right, but I am positive it's making inv.head and shoulders cup with a handle... which is more bullish. the 9986ish area will be very significant since it can confirm inv, h&S or a cup& Handle. This is a bubble at this point, should go up more before crashing altogether.
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