BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
412 2 1
Looks bearish as it just broke major support level of around 442 last week & now looks to test tgt             .#1=382 & then the final tgt             .#2=202 level which is the level at the previous major b/o for the parabolic move up....watch for volume for confirmation
Hi. What do you make of today's rally?
Like last week before the dump, it battled a bit with 446 and then failed to consistently break 465.
I think it wants to come back down.
I just know I'm short and want it to, so do not want my hope to cloud my judgement.
It's the 15th tomorrow too..any significance do you think?
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djflowmaster johnrfraser
Think it continues to test this macro downtrend line from the highs & will keep bouncing off it to the downside until it eventually hits the final tgt. of 202.....there will be points of support all along the way & could take a few months or so but should go to that level.......of course if it breaks the macro downtrend line w/ any consistency & stays above that then the pttn. is no longer in play to the downside & a reversal of some sort could be in the works.....the key is that macro downtrend line
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