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mycotoxin
Jun 25, 2018 5:43 PM

BTC - Looks fishy . Theres a move missing to 5452  

Bitcoin / DollarBitfinex

Description

This looks fishy BTC has skipped a move to 5452 - Where has this move gone ? On vacation ?
Have to keep an eye out for this move as its currently MIA
Comments
Tim0686
Yes noticed it too. Margin longs also stopped half way on the way down are are now going up (into the danger zone). Shorts decreased, I would expect more shorts for a squeeze next week. We need another move down.
mycotoxin
@Tim0686, Nice spotting! BTC is up to its tricks again. Lets see if it can even manage to move past 6450
Tim0686
@mycotoxin, The last wave is always the most tricky. I think we go down, up, down, up, down... My main scenario is a bottom of 5.500 but I will not trade too much as we will have a real bounce somewhere. Maybe July 6?
Tim0686
@Tim0686, I was looking at the data and everything looks the same as March 29... I keep my short position open. I don't think Bitcoin goes up any further at this point.
mycotoxin
@Tim0686, march 29th , I'm gonna check this out. I think there's a small bounce this week or the next . But it will be a temporary bounce then down again
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