TradingView
NQunlocked
Aug 4, 2019 7:37 PM

Bitcoin-Short setup Short

Bitcoin / U.S. dollarBitstamp

Description

Expecting price to drop to 5800 before a new impulse to the upside. More info on the chart.
Comments
jake93854
I think we might be going lower than 5800 now
WorldEconomics
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.
NQunlocked
it seems patience, and a proper way to read price action/volume paid off on this one :)
NQunlocked
Did tradingview just changed the Schiff pitchfork settings? weird.....
NQunlocked
8 Billion trapped in that long trap...We are not breaking that any time soon....My next target...4160
jake93854
dump coming
jake93854
@HamzaLeith what are your thoughts after this recent pump? I am still convinced we are bearish
NQunlocked
@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!
jake93854
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
NQunlocked
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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