bitbrih

BTC going sub 10k IMO

Short
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
1. Death cross almost ready on the 13/48 MAs.

2. Every pump that we've had has been weak and following with dumps on strong volume .

3. We can potentially bounce to that 14.5k level tomorrow before going down strong to 9k.

4. Once we enter the cloud, my first target is around 11.5k. After that, target should be around 10k. probably lower in the 8k levels.

5. We are clearly overextended IMO and the hype
has died down which is reflected in the low volume this past month.

6. The we might be seeing a bearish komu cross soon as well.

7. I am not shorting this, but will have some fiat for if and when this happens.

**I am bullish on the long-term, bearish on the short-term.

Comments

If you took this trade on cross margin congrats on the riches
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