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Very strong and realistic view w/o any hopes.

BITFINEX:BTCUSD   Bitcoin / Dollar
Hello

Here i see few intresting intermediate moves, i think we cant break upside right now, just because not enough bulls trapped yet. Too many ppls also longing on okc futures , thats cant cause rise

So, im waiting for trap first before i can go long.

About downtrend move - RSI modelation succesfully was tested on spring and summer downtrend, i think its resonable to wait panic again. Here also pretty low liquidity, if bulls wants stay at 300+ forever - we should have VERY strong orderbook.

Notice also 270 range is too dangerous, below 270 could be flash-crash as in summer, watchout

Good luck
ChartArt
a year ago
I agree with your view. On the big picture the next logical trend decision would be a sell in December, if November closes at around current levels:

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ChartArt ChartArt
a year ago
I guess it has some meaning that I posted this screenshot at exactly 3 3 3 . 3 3 without planning or noticing this price. It's just a minute later down to some random 332.56 number.
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Av_
a year ago
Waiting for confirmed rejection after 290-300 levels now, going in
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Av_
a year ago
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seems rejection already happened. sorry, little bit late with this post
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Av_
a year ago
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something bad incoming from futures, switched to "buy breakout" 346 setup.
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Av_ Av_
a year ago
346 means bitfinex
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Av_
a year ago
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same RSI modelation, same price action. You should wait 4-5 days for entry, here could be few false tops
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Av_
a year ago
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one last push - and we are ready
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Av_
a year ago
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get ready
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Av_
a year ago
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we need confirmation of this modelation. We waiting for triangle/wedge/flag, anything. And also we should retest RSI level first
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