hubavka
Short

BTC correction coming soon

BITFINEX:BTCUSD   Bitcoin / Dollar
323 6 4
Negative divergence on MACD and RSI . Rising wedge . Both bearish .
Target price $500-$520
Hi Hubavka. The price is hovering around $572 at the moment. Are you suggesting that the price will see a sharp fall to 500-520 within the next few days ?
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hubavka DanyalAli
That is what the chart is suggesting yes. Actually it could retrace all the way to $480, but I like to be conservative with the target.
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DanyalAli hubavka
Thanks for getting back so promptly. Would you say that there's a chance that the price could climb towards $600 before it retracts down towards $500? I'm looking to sell short and and re-purchase once the price is approx $50 lower. When would you say the price fall is expected to begin ? Thanks
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hubavka DanyalAli
It's really hard to say. There is always a chance the price keeps climbing. There will be a bigger correction for sure as well. The million $ question is when :-)
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it is really, so, what have to do now if we know it will go down can we buy USD or to go to another coins?
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hubavka iSaleh
You can short BTC using BitMEX exchange: https://www.bitmex.com/register/SSv2DH
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