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thisismatt
Aug 14, 2018 9:48 PM

Bitcoin is an easy short target 5300 Short

Bitcoin / DollarBitfinex

Description

Hello and welcome to my idea. There are major bearish signs that despite the small bounce off of 5800 we WILL go lower. The bearish PSAR break on the weekly last night was devastating to any bullish hopes and while we are going up short term any price from here is an easy short. Target 5300 and really long term we are probably looking at 2880 but that is quite a ways down the road.

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I personally think there will be a double top at 6180 short opportunity. It will probably fall quickly after that.

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6175 is close enough for my taste. Nobody should lose sleep over 5 points. Short on.
Comments
cryptothrice
dumb money people arnt depressed enough yet. so they will bring it down to officially squeeze them. 2880 would be catastrophic, all alt coins would die if that happened. only a handful will be bought back up. rough times ahead.
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