mhfcrypto

BTCUSD : Fractals : Long for near-term; then Short for big dump

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
BTC fractals are interesting.

I'm personally awaiting a good time to Short. The overall Trend is your Friend :-)

But looks like we might re-test $3700 ( Bitstamp ), then fall, then re-test $4000 ( Bitstamp ), then dump hard to re-test the depths of hell around $3000.

If we hit $3100 will speed & volume , then lookout $2500 and $2000 over the next few weeks or sooner.

All constructive feedback is welcome.
Jan 17
Comment: $4000 (Bitstamp) re-test might be a little ambitious for the Bulls, let's see.
Jan 20
Comment: Fractal played-out beautifully.

We overshot my estimated Target of $3700 reaching $3787, but are now settling around the Target of $3700. Expect another push to circa $3800, before it's probably shorting time!

RSI at same level as before, too. circa 77.
Jan 20
Comment: Forgot to included this Chart update...here it is

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