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Simon-Rose
Oct 15, 2017 7:16 PM

Going short on Bitcoin because everyone just buying for BTG BFX Short

Bitcoin / DollarBitfinex

Description

Hey guys!

This is for Bitfinex.
After i recommended to buy on the last dip, now is the time to sell i think.



Everyone is buying Bitcoin to get free Bitcoin Gold 0.79% but nobody is really researching that project so its a hype based on thin air.
Also the indicators telling me the hype is over with Stochastik RSI and CCI crying OVERBOUGHT .

-Fibonacci
investopedia.com/ask/answers/05/fibonacciretracement.asp
-TD Count sequential:
tradetrekker.wordpress.com/tdsequential/
-Squeeze Momentum:
tradingview.com/script/nqQ1DT5a-Squeeze-Momentum-Indicator-LazyBear/
-MACD
investopedia.com/terms/m/macd.asp
-Stochastic RSI
investopedia.com/terms/s/stochrsi.asp
-CCI vs RSI
investopedia.com/ask/answers/012015/what-are-differences-between-relative-strength-index-rsi-commodity-channel-index-cci.asp
-TD sequential:
tradetrekker.wordpress.com/tdsequential/
Comments
crodrigues
Thanks. How do you believe the correction will unfold, i.e. theorized support levels/bottom?
Simon-Rose
@crodrigues, i painted some target area which i believe could be the zone where we find the bottom. First psychological barrier is 5000$ , second is 4000$ so i would look for a buy in this range .
sean9
Like this. Thanks!
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