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.
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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