MEX_Exchange
Short

Bitcoin forming a strong reversal, time to short!

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Sell below 15016. Stop loss at 15791. Take profit at 12908.
Reason for the trading strategy (technically):
Price is seeing major resistance at 15016 ( Fibonacci retracement , Fibonacci extension , bearish bat formation, horizontal swing high resistance) and we expect to see a strong drop from here to at least 12908 support ( Fibonacci retracement , horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance at 90% where we expect a corresponding drop from.
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He was spot on the last few times on BTC. Everyone is responsible for their own analysis. Thus is just to help us see what market sentiment is like.
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I shorted at 15026 and almost hit liquidation, The market is bullish, so take precaution....
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you have been wrong like 3/4 times on bitcoin...anyone reading this should just do the opposite of what he says
+8 Reply
follower451 TeaLeafMaster
@TeaLeafMaster, He is an exchange. He want you to loose money with a bad short.
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OH MY GOSH ! HA HA HA
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Lol bat formation... shorts are going to get wrecked don't listen to this.. do your own TA
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Looking forward for your stop loss to trigger
+1 Reply
@MEX_Exchange it looks like we have a resistance on your sell entry position (15k), do you still believe we would have a drop to about 12k?
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Can i expect some growth in LTC for next 3 or 4 days ?
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You are god ! awesome prediction , happy new year !
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