logocto

Major retracement on 28 September

BITFINEX:BTCUSD   Bitcoin / Dollar
151 1 0
Based upon my cycles work, I project a severe decline 28 September +- a few days. Most likely a retracement in a bullish trend . Begin closing long positions when approaching the date, swing trade the crash and go long at the bottom. It's to early to tell at what level the bottom will be.
logocto
a year ago
6 days left. A quick look and I think down side risk is at $130 on btc-e.com and $135 on bitfinex. Contrary what I wrote earlier, this will NOT be a retracement in a bullish trend. Instead it will be a continuation of a bearish trend. Some major resistance might drive price as low as $70 before bear market bottoms out, but still to early to tell how likely this and if even that would be a bottom.
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