HamzaLeith
Short

Bitcoin-Short setup

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Expecting price to drop to 5800 before a new impulse to the upside. More info on the chart.

Comments

I think we might be going lower than 5800 now
+2 Reply
This is logical TA. It's overdue for a real correction, and $9200 wasn't it. Realistically $7,000 give or take is where we need to be in order to see some more movement upward.
+1 Reply
it seems patience, and a proper way to read price action/volume paid off on this one :)
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Did tradingview just changed the Schiff pitchfork settings? weird.....
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8 Billion trapped in that long trap...We are not breaking that any time soon....My next target...4160
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dump coming
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@HamzaLeith what are your thoughts after this recent pump? I am still convinced we are bearish
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HamzaLeith jake93854
@jake93854, yeah same here, it is incredible how often long and short traps occur with Bitcoin. But I also think we have much more downsid. BecUse we are in a correction, it takes a long time before we get a trend revesal (usually much longer than what most believe). Good luck!
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looks like we could possible move up to 10k before coming down further. I dont think there's enough volume to push it up though
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HamzaLeith jake93854
Consolidation period next with some range bound movement...after that...it could go either way!. We will break the pitchfork soon
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