LijiLe
Short

bear will take over soon, target remains 2k

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTC: clear bearish pennant continuation pattern forming on weekly, we still have not seen capitulation volume yet.
ETH : weekly stoch rsi is already bearish crossed, ethusd long/shorts hits ATH , around 4.

overall sentiment: retailer money has been sucked in shitcoins that playing pump and dump game. ETH long/short also indicate the overall sentiment of the market.

looking at weekly chart, 2k is imminent is just a matter of time. lets wait and see.
Comment: By the way, BTC weekly rsi first time hitting the resistance since we drop from 6k
I disagree. The ~85% drop from the ATH is over. We should be slowly moving higher from here.

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LijiLe TradingShot
@TradingShot, lets wait a few months and see, 90% drop is also normal
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Iam too for short.

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Why not drop to 3580$? Also only noobs use Bitfinex data for charts. Bitfinex use fake fiat and prices are incorrect and not friendly to the rest of market.
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tommix tommix
@tommix, not to mention bitfinex is young company and have short btc price history. pros using Bitstamp for charts not bitfinex
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LijiLe tommix
@tommix, if you think we wont revisit below 3580, we have nothing to talk about. this is medium term prediction by the way. for weeks, not for days
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Agreed. There is just a too strong convergence of supports in the 2k area, this cannot be coincidence. I also arrived at the same target, already quite a while ago:



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LijiLe FlaviusTodorius67
@FlaviusTodorius67, i like your analysis.
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Also think we might go lower to 2k
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In the short term, Bitcoin is making a corrective wave down.
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