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Carnelltrade
May 24, 2017 1:49 PM

Bitcoin Short

Bitcoin / U.S. dollarBitstamp

Description

Well what a lovely rise, plenty of buying opps. The huge extention means one thing and one thing only. Close the door on your way out...
Comments
Sodium99
I feel your incorrect, a short on this is going to cost you.
Carnelltrade
@Sodium99, it can keep pushing up that fine, I wont be in on anything serious until we get good confirmation. This type of rise will be followed by huge corrective move to the downside, 99.99999999999999999999999999999999999999999999999999999999999999 percent.
Sodium99
@Carnelltrade, You are entitled to your opinion, but I think FOMO will drive this a lot further yet, and yes it will correct , that is when I will buy again :)
Carnelltrade
@Sodium99, hoping you gets lots of buys out of this correction ' :)
Sodium99
@Carnelltrade, Good last leg down prediction you got pretty much spot on I'm impressed.But now for us Bulls to start making money again !
Carnelltrade
@Sodium99, i would not be a buyer at this point huge downside to come my friend.
Sodium99
@Carnelltrade, Bought @ 2500 stop at 2350 I'm seeing 3000 in the not to distant. Cashing out at 2900.
Carnelltrade
@Sodium99, im selling...
bolt_tri
your analysis is awesome. please do more. When can we expect the down move?
Carnelltrade
@bolt_tri, Cant say for certain still pushing up. problem with BTC is they are just going to dump it. Due to this i have taken a couple of early moves down expecting the big blast. Staying with a consistent set of rules will allow for 20 losses in a row to be retraced by the move BTC is going to do.
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