Dalin_anderson
Short

SHORT Short term bearish move in Bitcoin

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I see bitcoin             dropping to around 2k and possibly lower, saw a good setup so I thought I would share with you guys. This is in a bull trap right now and needs to test support it also has a very good risk to reward for shorting. If you own bitcoin             it might be smart to take some profits and cash into something else (altcoins - fiat ) . another good buy opportunity will arise 5.04% at some point here soon but for now we didn't have enough upward momentum to make the bullish move to 5k. I will keep you guys updates! let me know if you have any questions in the comments below. Thank you!
Comment: https://www.coinigy.com/s/i/595012fff094a/ Here is my analysis of BTC as far as the whole move is concerned.
Comment:
snapshot
Headed the right direction so far.
Comment:
snapshot
Comment: Made my stop loss at break even
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BTC : 3BMEXh53C6wbmFfjUD7pYiHwCjf63u8A
Where are you legend? What's the floor
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surely this downtrend hasen't ended??
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Still on course for 1900?
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Fiat is king, if bitcoin dies then that means the blockchain technology has failed
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@Ravness, I think scared BIG Bank just make some media storm, nothing more... cozz BTC price not 3000, but 2500-2700 come back in max month
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Ravness PRO shadowforworld
@shadowforworld, I blame segwit2x, but yeah in my chart it went double top so I was optimistic it wasn't gonna break down under 2400 but it did
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@Ravness, yes yes... this one "problem" with 2MB block in media blow-up to armageddon scale))
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Ravness PRO shadowforworld
@shadowforworld, wasn't the deciding factor, but did play a part
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or is just that there wasn't enough bullish momentum?
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any reasons to this move down do you think it is due to the bill that they want to push forward in US congress to make bitcoin illegal??
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