Next Leg Down For Bitcoin

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Looks like we could get a retest of $225 soon. There have been a lot of exchange hacks lately and heavy selling (probably from hackers). I'm not a huge fan of shorting mid-range, just showing where it could pop to.
Really enjoy your analysis Chris - please keep up the good work. Personally I would have thought hackers would more likely sell into rallies in order to maximize their profits, which has possibly already occurred...

Personally I have a more bullish view - of 285 and 360 possible targets before we see 225. All just opinions... Please continue to post here :)

up up up I say, heavy accumulation going on.
-2 Reply
xFuD IncreaseMyT
Do you know what accumulation is?
+1 Reply
I guess not, please explain. This is the part where you get all expert on me and give me a bunch of reasons why its going up or down, so please go on.
-2 Reply
2x-Short PRO IncreaseMyT
thanks for the chart chris! i shorted 242 last night ;)
xFuD IncreaseMyT
Who's got time to explain to people like you o_O
Die bears die, all of you
-1 Reply
IncreaseMyT IncreaseMyT
Did you happen to notice the volume on stamp when we hit 232?
-1 Reply
he's just delusional bulltard, don't bother..
IncreaseMyT blackswan
Hows that shorting going for you guys xD
-1 Reply
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