How Far Down the Rabbit Hole We Go?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
345 4 5
Not too far, but to some bulls this seems a bit too much. Sounds reasonable to me and from this point I will be looking to buy dips. I believe Bear season may be coming to a close for awhile.

My previous chart about the 'Drop' is what we are seeing now. The RSI got charged up and is now beginning to fall. this should setup what I was drawing attention to in that 4hr chart.
you are as stubborn about going short as I am about going long. One of us will finance the other.
Well take the red pill as a starter ;) Have a nice weekend
+1 Reply
Yes, bears already took advantage of the currently high price and tried to crash it. But like I expected it seems they were only able to bring the price a little (down to $233.5 on Bitfinex).
As another thing to watch for... what if we were to be entering a 2-3 week long sideways range channel? That would totally signal that there was no more down to be had. What do you think? i will get excited if we go down to $216 and bounce back to $240 one more time. Perfect range trading!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out