Doom Dump to $68 USD Based on Previous Fractal

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Right now this fractal has been very accurate. I forecast a wick to $68 due to the bearishness from BitcoinXT fork and the division of the Bitcoin             community on that regards. Also with the current economic turmoil globally, it seems Bitcoin             lost it's value as a safe asset. Better buy gold             than Bitcoin             until the community gets it together.

Targets are on the charts with future supports and resistances levels.

Dump targets:

  • $160
  • $123-113
  • $68

The new floor/support for bitcoin             will be eventually: $110-115

Note: The possibility of a bounce from 210 to 225-30 initially before big doom scenario is possible. So don't short now and start panicking. Calculate your entries smartly.

As always use caution when trading BTC             and be smart about your entries. good luck!

Donations: 1Kbfudifg5n9DtpYymcL3E8pE2oX4Vq7CG
Bitfinex Signup:
The larger Fractals would politely disagree.
BitcoinGuru oaksacorn
are you looking for perfection? lol it cant get any closer than this
+1 Reply
On the 4H with a closer look - spot on:

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