hardforky

BTC - Big Short incoming

Short
hardforky Updated   
BITFINEX:BTCUSD   Bitcoin
The scenario is part of a multi-year Adam and Eve Structure.

I expect a local rejection at around the 29K mark (early October) with an aggressive pullback down to 21K to retest longterm support. This will draw ALTs back to their previous lows.

- Remaining Long until local double top at 29K
- Short from 29K - weighting on Alts
- 21K offers very good long opportunities as the market calls for $10k in fear of another drop

Best, Hard Forky
Comment:
Target still valid -
Comment:
Forming at a lower range. $27,600 rejection expected.
Comment:
Straight into $28k & the 200 DMA. Approach is adapting to latest information. Expecting a pull back the final push to $28,300
Comment:
Final target $28,700
Comment:
Market is settling. Expecting chop over next few weeks. Further ALT long entries possible for final run
Comment:
on target
Comment:
On track -
Comment:
Hit target, I suspect we might hit long target sooner than expected
Comment:
determined BTC
Comment:
it came down to touch long-trerm suppot at 26,500
Comment:
On the way to 29K
Comment:
Trade closed: target reached:
Comment:
All levels have been engaged. A good share profits on the way up are now set short.
Comment:
note: price sitting above 200 WMA. bullish indicator if it can consolidate
Comment:
Continues to consolidate on top of 200 WMA
Comment:
This is the swing range for shorts.
Comment:
Invalidated - Big break back up off 200 WMA
Comment:
top of channel reached
Comment:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.